The capital-raising share offer aims to raise KES 106.3 billion ($825 million). The offer opened on 19 January and closes at 5pm on 19 February. The share price has been set at KES 9 each (nominal value KES 0.02 each), with over 11.8bn shares on sale. It is a monopoly with an extensive pipeline network linking Mombasa port to major consumption centres across Kenya country, including Nairobi and western Kenya. Since then the Kenyan shilling has depreciated against the USD so the historic Safaricom IPO is still larger than the current KPC IPO when measured in equivalent US dollars.

Source: Ethiopian News February 09, 2026 23:00 UTC