Nairobi, Jan. 21 -- Kenya Pipeline Company (KPC) staff will have a chance to own a stake in the company after its initial public offer (IPO), through an Employee Share Ownership Plan (ESOP) pool that will hold 290.54 million shares.

The ESOP offers employees another path to share ownership in addition to the priority option they have to purchase a five percent stake in the company in its ongoing IPO, equivalent to 590.63 million shares, for Sh9 per unit.

An ESOP is an employee benefit plan that gives workers ownership interest in a company in the form of shares of stock. The scheme is used to encourage employees to give their all as the company's success translates to financial rewards. ESOPs can also be used to reward long service, mak...