The government has officially revoked Kenya Pipeline Company PLC’s state-owned status following its successful privatisation through an Initial Public Offering (IPO) on the Nairobi Securities Exchange.

In a gazette notice dated April 22, 2026, the Cabinet Secretary for Treasury John Mbadi formally revoked the Kenya Pipeline Company’s designation as a National Government Entity under the Public Finance Management Act, Cap. 412A.

“In excercise of the powers conferred by section 4 (1) of the Public Finance Management Act, as read with regulation 211 (7) of the Public Finance Management (National Government) Regulations, the Cabinet Secretary for the National Treasury revokes the declaration of Kenya Pipeline Company as a National Government Entity as declared under Schedule II of the Declaration of the National Government Entities,” the notice read in part.

The move comes after the successful completion of KPC’s Initial Public Offering on the Nairobi Securities Exchange, where the government offloaded a 65 per cent stake to individual and institutional investors across the country.

The government further confirmed that the privatisation process had been fully concluded in line with the law.

“Pursuant to section 53 of the Privatisation Act, 2025, it is notified for the general information of the public that the privatisation of Kenya Pipeline Company Limited (now known as Kenya Pipeline Company PLC) has been finalised,” the notice stated.

Under the IPO, 65 per cent of the company’s shares were sold to Kenyan citizens and institutional investors through the Nairobi Securities Exchange, while the National Treasury retained a 35 per cent stake.

The development marks a significant transition for the company, which has been wholly government-owned since its establishment in 1973.