The National Assembly Committee on Energy and the Committee on Public Debt and Privatization have been tasked with the joint consideration of a Sessional Paper proposing the privatization of the Kenya Pipeline Company Limited (KPC).

This follows the submission of the Sessional Paper to the National Assembly by the Cabinet Secretary for the National Treasury and Economic Planning, detailing plans to offload government shares in KPC through an Initial Public Offering (IPO) on the Nairobi Securities Exchange.

Speaker of the National Assembly, Hon. Moses Wetang’ula made the announcement in the House on Tuesday, 5th August 2025 noting that the proposed privatization forms part of the Government’s broader economic reform agenda aimed at enhancing efficiency, competitiveness, and the financial sustainability of key state-owned enterprises.

“The Paper has been prepared in accordance with the Privatization Act, 2005 and has already been approved by Cabinet,” said Speaker Wetang’ula. “I will allow the Leader of the Majority Party to lay the Sessional Paper on the Table of the House this afternoon during Order No. 5. Thereafter, it will stand committed to the two Committees for joint consideration.”

The Speaker further urged the Committees to fast-track their deliberations and table a report to guide the House on the proposed privatization.

“To unlock the value and improve service delivery in the Kenya Pipeline Company Limited as intended through the privatization programme, I urge the two Committees to expedite the joint consideration of the Sessional Paper and table a report to the House,” he directed.

The Kenya Pipeline Company, a strategic State Corporation under the Ministry of Energy and Petroleum, plays a central role in the transportation and storage of petroleum products across the country. Its potential privatization through the stock market would mark one of the largest divestiture efforts in recent years, signalling a shift in the government’s approach to managing commercially viable parastatals.

The two Committees are expected to conduct public participation and stakeholder engagement before tabling a report that will form the basis for debate and consideration by the National Assembly.