President Ruto cheers NSE comeback. President William Ruto has revealed that the government plans to list shares of the Kenya Pipeline Company (KPC) on the Nairobi Securities Exchange (NSE). The move will proceed once Cabinet and Parliament approve it.
The President explained that listing KPC will help eliminate inefficiencies within the company and raise governance standards. He emphasized the importance of transforming State corporations to operate competitively.
Once listed, KPC will join other successful State-owned enterprises at the NSE, including Safaricom, Kenya Electricity Generating Company (KenGen), and Kenya Commercial Bank (KCB).
Speaking at a bell-ringing ceremony at the NSE, President Ruto criticized Kenya’s slow pace on privatisation. He pointed out that while neighboring countries have actively divested to grow their economies, Kenya has not carried out any privatisation in over a decade.
The event also celebrated the listing of Linzi 003 Infrastructure Asset-Backed Security—the first of its kind in Kenya. Linzi Finsco 003 Trust, a subsidiary of Liaison Group, issued the bond and raised over KSh44 billion.
The funds will support the construction of Talanta Sports City, Kenya’s first major international stadium project in over 40 years. The facility will host global tournaments, develop local talent, and revive Kenya’s status as a sporting powerhouse.
President Ruto applauded the NSE’s strong recovery. Market capitalization has reached KSh2.5 trillion, a sign of renewed investor confidence. He credited consistent and sound economic policies for this growth.
He also noted that both local and international investors are viewing Kenya with fresh optimism. The shift, he said, reflects the country’s new economic direction and its commitment to reforms
Murkomen hits out at LSK over protest-linked suspects
Fresh Cult Fears in Kilifi After Couple Rescued, Children Missing
