The "Sale of the Century" is here. For KSh 9 a share, you can own a piece of the company that fuels the nation. Here is how to get in on the action.

It has been 17 years since the Safaricom IPO frenzy turned millions of ordinary Kenyans into investors. Now, the government is back with an offer it claims is even sweeter. The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) has officially launched, placing 11.8 billion shares on the table at a valuation of KES 163.6 billion.

This is the first fully electronic IPO (E-IPO) in the region, designed to eliminate the paperwork nightmares of the past. But is it a good buy? With a dividend yield of 3.9% and a monopoly on fuel transport, analysts are calling it a "defensive stock"—boring, perhaps, but profitable.

The Investor’s Cheat Sheet

If you have been waiting on the sidelines, this is your entry point. The government is divesting 65% of its stake, retaining only 35%. This massive privatization is part of President Ruto’s plan to unlock capital and democratize wealth.

• Step 1: Open a CDS Account. You cannot buy shares without one. Visit any licensed stockbroker or download the NSE App to open one digitally in minutes.
• Step 2: The Price Tag. The shares are priced at KSh 9.00. The minimum purchase is 100 shares, meaning you can become a shareholder for as little as KSh 900.
• Step 3: The Timeline. The offer opened on, January 19, 2026, and closes on February 19, 2026. Do not wait for the last day rush.
• Step 4: The Allocation. Trading begins on March 9, 2026. 20% of the shares are reserved specifically for retail investors (Wanjiku), ensuring big banks don’t gobble up the whole pie.

Why KPC?

KPC is a cash cow. It is debt-free and generated KES 18.59 billion in EBITDA last year. Unlike tech startups that burn cash, KPC moves oil—a commodity Kenya cannot function without. While risks exist (pipeline vandalism, green energy shifts), for now, KPC is the engine of the economy. For KSh 9, you aren't just buying a paper; you are buying a stake in every litre of petrol sold in East Africa.