• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Saturday, August 23, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

Cabinet Approves Kenya Pipeline Company’s Privatization

Ivan Lewa by Ivan Lewa
in Business News
Reading Time: 1 min read
A A
0
Kenya Pipeline Company
Share on FacebookShare on Twitter

The privatization of the Kenya Pipeline Company (KPC) has been approved by the Cabinet, advancing the company’s listing on the Nairobi Securities Exchange (NSE) – a move that is in line with the government’s initiative in institutional reforms aimed at fostering a turnaround of the economy, particularly in the management and governance of state corporations through divestiture of government shares.

RELATED POSTS

EPRA`S Review: Super Petrol Reduce by 1 Shilling, Diesel Unchanged.

NBK Throws Failing Hotel into Receivership

CBK Raises KES 179.8B from Bond Tap Sale

The energy firm, which is set to be listed through an IPO by September, showed notable growth in its financial measures in the previous year. Its revenue increased from KES 30.86 billion to KES 35.37 billion in the fiscal year 2023–2024, a 14.6% increase. The net profit increased 52.7% from KES 4.5 billion to KES 6.87 billion in the year that ended in June 2023. Also, the long-term debt went down to KES 2.46 billion in 2024 from KES 6.73 billion in 2023. However, its total assets dropped from KES 128.88 billion in June 2023 to KES 120.72 billion in June 2024.

It was also noted that the energy company has not yet reached its full potential due to excessive formalities and government inefficiency. Safaricom, KCB Group, and KenGen were cited as examples of companies that experienced great transformation after transitioning from state-owned corporations to publicly listed companies. These companies have seen strong liquidity, better access to funding, more profitability, and cross-border expansion.

The divestment of KPC is expected to expand ownership, expand job opportunities, improve capital markets, and enable infrastructure construction.

Also Read: Kenya Pipeline Company Set to Go Public by September

Post Views: 55
Buy JNews
ADVERTISEMENT
Tags: Nairobi Securities Exchange
Previous Post

Local Corporate Investors Dominate NSE Share Trading

Next Post

World Bank Clears KES 97Bn for Kenya As President Ruto Signs Conflict-of-Interest Bill

Ivan Lewa

Ivan Lewa

Related Posts

EPRA fuel
Business News

EPRA`S Review: Super Petrol Reduce by 1 Shilling, Diesel Unchanged.

by Ruth Nelima
Business News

NBK Throws Failing Hotel into Receivership

by Ivan Lewa
Business News

CBK Raises KES 179.8B from Bond Tap Sale

by Ivan Lewa
Business News

Standard Chartered Profit Drops 21% on Income Dip

by Ivan Lewa
Next Post
World Bank Kenya

World Bank Clears KES 97Bn for Kenya As President Ruto Signs Conflict-of-Interest Bill

Open Market Traders Tanzania

Kenyan Leaders Raise a Complaint as Tanzania Bans Trade.

Nation media Group NMG

Agha Khan to Sell 92.6M Shares as NMG Undertakes Shareholding Restructure

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,211)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,314)
  • Hilda Njeru Takes over at CDSC (2,185)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (2,112)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,907)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

EPRA fuel

EPRA`S Review: Super Petrol Reduce by 1 Shilling, Diesel Unchanged.

DTB Profit Up 10.6% Amid Non-interest Income dip

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$340.01  6.22%  
GME 
$22.89  1.46%  
MSFT 
$507.23  0.59%  
AAPL 
$227.76  1.27%  
AMC 
$2.95  4.24%  
ABNB 
$129.92  2.76%  
GOOGL 
$206.09  3.17%  
AMZN 
$228.84  3.10%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?