By Eddah Waithaka
The Capital Markets Authority (CMA) has approved a three-day extension of the Kenya Pipeline Company (KPC) Initial Public Offering (IPO), moving the closing date to 24th February 2026 to accommodate retail investors who requested additional time to participate.
The offer, originally scheduled to close today at 5 p.m., will now remain open until Tuesday, 24th February 2026 at 5 p.m. All other terms and conditions of the Offer remain unchanged.
The Privatization Authority announced the extension following feedback from public participation and stakeholder engagement forums conducted during the Government’s privatisation programme.
Retail investors expressed the need for more time to complete their applications, prompting the regulator to act in line with the Government’s objective of expanding domestic share ownership.
Making the announcement, acting Privatization Authority Managing Director Dr. Janerose Omondi emphasized the Government’s commitment to inclusive participation.
“The extension is aimed at ensuring broader participation and will provide investors adequate time to finalize their investment decisions in line with our commitment to inclusivity and transparency,” Dr. Omondi said.
Investors who have already submitted valid applications do not need to take any further action. Those still interested can submit applications through stockbrokers, investment banks, authorized selling agents such as banks, the KPC IPO portal at www.kpcipo.e-offer.app, or by dialing 483816#.
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The extension follows the CMA’s recent authorization to integrate electronic CDS account opening into the KPC IPO platform, a move designed to enhance convenience and broaden participation.
“The KPC IPO is about democratizing ownership of one of Kenya’s strategic national assets,” Dr. Omondi added. “By leveraging digital platforms, we are making participation in capital markets simpler and more equitable.”
Following the closing date, the Privatization Authority will announce allocation results on 4th March 2026. Electronic crediting of shares to CDS Accounts and processing of refunds will occur by 6th March 2026, with listing and trading of KPC Shares at the Nairobi Securities Exchange (NSE) commencing on 9th March 2026.
The KPC IPO represents a significant milestone in Kenya’s capital markets evolution, offering retail investors, institutional investors, KPC employees, Oil Marketing Companies, East African Community citizens, and international investors an opportunity to invest in East Africa’s most strategic energy infrastructure company.
KPC operates 1,342 kilometres of pipeline and storage infrastructure across the region. The company maintains a strong earnings base, positioning it as a profitable enterprise central to Kenya’s energy security and regional economic growth.
