Kenya Launches $824 Million IPO of State Pipeline Company After Decade-Long Hiatus
Published on: Jan. 19, 2026, 10:51 p.m. | Source: scanx.trade
Kenya launches its largest IPO in over a decade, offering 65% stake in Kenya Pipeline Company to raise $824.10 million amid mounting debt crisis. The state-owned firm, valued at $1.27 billion, operates critical fuel transportation infrastructure with near-monopoly status. Strong investor interest expected as Kenya seeks alternative funding sources with national debt at 72% of GDP.
