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HomeDaily NewsThursday, April 23, 2026Kenya to Invest in Ksh 500B Company in Uganda, Ruto Announces - April 2026
Breaking News & Top Stories4 stories from 2 sources

Kenya to Invest in Ksh 500B Company in Uganda, Ruto Announces - April 2026

Kenya is set to invest in Uganda's Ksh 500 billion oil refinery, announced President William Ruto, signaling a deepening economic and energy cooperation between the two East African nations. Nigerian businessman Aliko Dangote has pledged to build an oil refinery in East Africa, mirroring his Nigerian facility, with significant support from President Ruto and President Yoweri Museveni of Uganda to boost regional fuel supply. Ugandan President Yoweri Museveni arrived in Nairobi to attend the Africa We Build Summit 2026, a forum focused on accelerating infrastructure development across the continent. However, the Bomas International Convention Complex in Kenya will not meet its May 2026 completion deadline, forcing the relocation of the planned Africa-France Partnerships for Innovation and Growth Summit.

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Thursday 1:51 PMKenyans

Kenya to Invest in Ksh 500B Company in Uganda, Ruto Announces

Kenya to Invest in Ksh 500B Company in Uganda, Ruto Announces

Kenya is set to invest in Uganda's Ksh 500 billion oil refinery, announced President William Ruto, signaling a deepening economic and energy cooperation between the two East African nations.

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Key Highlights

Kenya is set to invest in Uganda's Ksh 500 billion oil refinery, announced President William Ruto, signaling a deepening economic and energy cooperation between the two East African nations.

  • The estimated cost of the Ugandan refinery project in Hoima is USD 4 billion, approximately Ksh 500 billion.
  • Key figures involved include President William Ruto of Kenya and President Yoweri Museveni of Uganda.
  • This strategic move follows the successful privatization and regional investment in Kenya Pipeline Company (KPC), which raised Ksh106.7 billion.
Thursday 10:15 AMKenyansFirst

New Bomas Convention Complex Faces Fresh Setback Ahead of Africa–France Summit

New Bomas Convention Complex Faces Fresh Setback Ahead of Africa–France Summit

The Bomas International Convention Complex in Kenya will not meet its May 2026 completion deadline, forcing the relocation of the planned Africa–France Partnerships for Innovation and Growth Summit.

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Key Highlights

The Bomas International Convention Complex in Kenya will not meet its May 2026 completion deadline, forcing the relocation of the planned Africa–France Partnerships for Innovation and Growth Summit.

  • The Ksh30 billion project's construction is ongoing and unfinished.
  • The National Assembly Committee on Tourism and Wildlife conducted an inspection confirming the delay.
  • Despite the missed deadline, the committee found the construction progress and quality to be satisfactory, noting there is "value for money."
Thursday 11:54 AMCapital News

Museveni joins Ruto, investors for Africa Infrastructure Summit in Nairobi

Museveni joins Ruto, investors for Africa Infrastructure Summit in Nairobi

Ugandan President Yoweri Museveni has arrived in Nairobi, Kenya, to attend the Africa We Build Summit 2026, a forum focused on accelerating infrastructure development across the continent.

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Key Highlights

Ugandan President Yoweri Museveni has arrived in Nairobi, Kenya, to attend the Africa We Build Summit 2026, a forum focused on accelerating infrastructure development across the continent.

  • The summit, running from April 23 to 24, brings together African leaders, investors, and policymakers.
  • Key attendees include President William Ruto, who will deliver the keynote address.
  • The summit's theme is "Infrastructure as the Engine of Industrialisation," aiming to move beyond dialogue to actionable commitments and unlock capital for projects.
Thursday 5:05 PMKenyans

Dangote to Build Nigeria-Style Oil Refinery in East Africa

Dangote to Build Nigeria-Style Oil Refinery in East Africa

Nigeria's Aliko Dangote has pledged to build an oil refinery in East Africa, mirroring his Nigerian facility, to boost regional fuel supply. This initiative hinges on significant support from President William Ruto of Kenya and President Yoweri Museveni of Uganda.

Read Story

Key Highlights

Nigeria's Aliko Dangote has pledged to build an oil refinery in East Africa, mirroring his Nigerian facility, to boost regional fuel supply. This initiative hinges on significant support from President William Ruto of Kenya and President Yoweri Museveni of Uganda.

  • The proposed refinery would replicate Dangote's Nigerian plant, which processes over 650,000 barrels of crude oil daily.
  • The key figure is industrialist Aliko Dangote, founder and CEO of The Dangote Group.
  • The commitment was made during the Africa We Build Summit 2026 in Nairobi on April 23.
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