Kenyan MP calls for reforms in capital markets to boost asset valuation and economic growth
“All major economies grew using external capital. Companies such as Alibaba and BYD expanded by attracting foreign investors. Kenya must deliberately open its capital markets to achieve similar growth,” Ndindi Nyoro said.
Privatisation: Kenya Pipeline Company Ltd launches largest ever IPO and first fully electronic public offer in Kenya’s capital markets history
Anchored by KPC’s strong fundamentals, including revenues of Ksh38.6 billion and after-tax profits of Ksh10.37 billion, for the financial year ended 30 June 2025 and supported by its 1,300-kilometre pipeline network that underpins national energy security and regional trade, the IPO marks a defining step in transforming a profitable state enterprise into a people-owned company while strengthening long-term economic resilience.