{"id":109818,"date":"2025-02-06T14:03:28","date_gmt":"2025-02-06T14:03:28","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2025\/02\/06\/govt-plans-to-list-kenya-pipeline-company-on-nse\/"},"modified":"2025-02-06T14:03:28","modified_gmt":"2025-02-06T14:03:28","slug":"govt-plans-to-list-kenya-pipeline-company-on-nse","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/govt-plans-to-list-kenya-pipeline-company-on-nse\/","title":{"rendered":"Govt. plans to list Kenya Pipeline Company on NSE"},"content":{"rendered":"

The government is exploring possibilities of listing the Kenya Pipeline Company (KPC) on the Nairobi Securities Exchange through a public offer.<\/strong><\/p>\n

Speaking when he received an interim dividend cheque amounting to Ksh 3 billion, National Treasury and Economic Planning Cabinet Secretary John Mbadi said the firms stands to benefit from listing as part of its growth strategy.<\/p>\n

\u201cListing will be a good idea especially as KPC expands into the region because it will provide much-needed liquidity and capital for expansion and diversification into LPG, Kenyans will have a chance to own a piece of KPC,\u201d said Mbadi.<\/p>\n

The dividend payment brings the total dividends paid by KPC to Treasury in the last 12 months, to Ksh 10.5 billion.
\nThe company is further planning to establish a trading hub for receipt, trading and distribution of petroleum and petroleum products in Mombasa to boost regional oil and gas industry as part of its growth and diversification strategy.<\/p>\n

\u201cToday, as I receive this dividends cheque of KES 3Billion from the KPC Board, I am reminded of the critical role State corporations play in driving our economic growth and supporting national development goals. I would like to emphasize that such achievements must be anchored on robust corporate governance structures,\u201d added Mbadi.<\/p>\n

According to KPC, it has paid a total of Ksh S63 billion in tax and dividends over the last 10 years. In full year 2023\/24, KPC posted a Ksh 10.1 billion in gross profit which is an increase from the Ksh 7.6 billion recorded the previous year.<\/p>\n

KPC Chairperson Faith Boinet added that the strong financial performance is anchored on efficient operations and diversification into new revenue streams such as Fiber Optic Cables (FOC) and LPG.<\/p>\n

\u201cKPC remains steadfast in its commitment to regional competitiveness. We are proud to hold a 90pc stake in fuel transportation to Uganda and are on the brink of securing a similar share in Rwanda. This demonstrates our strategic efforts to cement our leadership in the regional energy and logistics sector,\u201d she said.<\/p>\n

Treasury says it also supports plans to wind down Kenya Petroleum Refinery (KPRL) and the onboarding of it into KPC.<\/p>\n

The post Govt. plans to list Kenya Pipeline Company on NSE<\/a> first appeared on KBC<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The government is exploring possibilities of listing the Kenya Pipeline Company (KPC) on the Nairobi Securities Exchange through a public offer. Speaking when he received an interim dividend cheque amounting to Ksh 3 billion, National Treasury and Economic Planning Cabinet Secretary John Mbadi said the firms stands to benefit from listing as part of its […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-109818","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/109818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=109818"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/109818\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=109818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=109818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=109818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}