The government is thinking of listing Kenya Pipeline Company at the Nairobi Stock Exchange through Initial Public Offer, a move that will see the Nairobi bourse end a decade long listing drought.
The National Treasury cabinet secretary John Mbadi revealed this on Thursday after receiving an interim dividend cheque of Sh3 billion from KPC board chairperson Faith Boinett for the half-year ending December 2024.
The dividend payment brings the total dividends paid by KPC to The National Treasury in the last 12 months, to Sh10.5 billion.
“We have this feeling that KPC needs to realise the benefits that will accrue from a listing at the Stock Exchange.
