Kenya Pipeline boosts State coffers with Sh5b dividend payout

Kenya Pipeline Company Acting Managing Director Joe Sang gives his remarks during the Kenya Pipeline volleyball appreciation breakfast after being crowned the National League Champions at Boma Hotel in Nairobi on February 2, 2023. [Kelly Ayodi, Standard]

The Kenya Pipeline Company (KPC) on Wednesday paid an interim dividend of Sh5 billion to the National Treasury for the financial year ended June 2023.

The dividend payment follows a 21 per cent increment in KPC's profitability to Sh7.6 billion in the financial year 2022/2023 compared to Sh6.3 billion the previous year. Treasury Cabinet Secretary Prof Njuguna Ndung'u noted KPC is among the State entities paying out the highest dividend to taxpayers.