Kenya Pipeline, an inch closer to the Stock market

Kenya is retooling its infrastructure playbook. The state is fast-tracking the long-delayed Kenya Pipeline Company IPO, set for September, while Energy CS Wandayi is rolling out bulk metering and “Adani-style” utility deals to tackle the country’s staggering 24% electricity loss.

I am Brian from The Kenyan Wall Street. These and more in today's newsletter…

Privatizing the Pipeline : “September it is!” - President Ruto

President Ruto hints at when the long-delayed public listing of Kenya Pipeline will happen.

By Fred Obura

President Ruto has announced that the Kenya Pipeline Company will go public this September, marking Kenya’s first state IPO in over a decade.

The move, he says, signals the beginning of a bold new wave of privatisation, which he says is "no longer optional”. Proceeds from the listing will fund KPC’s regional expansion and entry into the LPG market.

It’s also a litmus test: if this IPO succeeds, more parastatals are set to follow. Including ailing ones such as National Oil, NKCC, KLB, and Rivatex included. Years of legal wrangles and political pushback have stalled similar efforts, but President Ruto is now tying governance standards to market exposure. Read more »»»»»

CS Wandayi’s Race to Plug the 24% Power Gap 

Kenya turns to bulk metering and public-private partnerships to patch up a leaking grid and tame runaway electricity costs.

By Fred Obura

In an effort to plug the 24% electricity loss, the government is experimenting with bulk metering in dense settlements.

This involves letting one person handle the bill for entire communities. Energy CS Opiyo Wandayi says this quasi-landlord model, borrowed from abroad, will reduce illegal connections and stabilize supply.

At the same time, the government is tearing up inflexible power purchase agreements blamed for bloated consumer bills. Kenya’s utility dreams now hinge on private sector muscle, with transmission line PPPs back on the table after a failed Adani deal. KETRACO’s US$250 million-a-year headache has forced asset monetization into the national conversation. Read more »»»»»

Also Read 

NSE Gainers & Losers 

Insight

💱 Africa’s Quiet Resilience in a Fragmented Global Economy

By Chelsy Maina

Amid a fracturing global economy, Africa is showing surprising trade strength. UNCTAD data reveals a 14% year-on-year rise in African exports, defying downturns in Asia and much of the developing world. Intra-African trade is up 16%, hinting at the early traction of AfCFTA and a deeper regional rewiring. While global demand for tech hardware plunges, African producers are quietly scaling in sectors like chemicals and pharmaceuticals. Read more »»»»»

Opinion

Kenya Faces a Decision that will Define Payments for Decades to Come

By Edgars Bīberis

Kenya stands at the edge of a payments revolution. A decision by the Central Bank could permanently reshape how money moves by linking M-Pesa and PesaLink, and deciding who controls the rails. Drawing lessons from India and the Maldives, the stakes are nothing short of generational. What Kenya chooses next may define its financial sovereignty. Read this article »»»»»

Stories you missed 

♦️ Capital Markets. The Nairobi Securities Exchange (NSE) secondary bond market has set a new benchmark in 2025, with turnover reaching KSh 1.55 trillion as of 21st July, surpassing the previous full-year record of KSh 1.544 trillion set in 2024.

♦️ Tech. The High Court has struck down the government’s IMEI registration directive, ruling it unconstitutional and lacking a legal basis, effectively halting plans for a central mobile device database linked to tax compliance.

♦️ Labour. A former General Manager at Equity Bank has failed in his attempt to reclaim his position, where he earned a monthly salary of nearly Ksh1 million, after the court sided with the bank that background checks were part of the recruitment process.

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