Uganda to acquire 20.15% stake in Kenya pipeline company

24 February 2026, 4:28 pm

By Ronald Ssemagonja

Minister of Energy and Mineral Development, Ruth Nankabirwa has announced that Cabinet has approved Uganda’s participation in the Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC).

She said Uganda, through the Uganda National Oil Company (UNOC), will acquire a 20.15 percent strategic stake in KPC.

“Through UNOC, Uganda will acquire a 20.15 percent strategic stake in KPC. With 95 percent of our petroleum imports routed through Kenya and about 65 percent of KPC’s transit volumes going to Uganda, this investment strengthens our position in the infrastructure that supports fuel supply and price stability,” Nankabirwa said.

She added that the move shifts Uganda from being primarily a user of the system to a shareholder in one of the region’s most critical fuel supply corridors.