Uganda to Buy Stake in Kenyan Parastatal After Deal With Ruto

Ruto said that the government of Kenya will be divesting 65 per cent of its stake, opening the door for regional investors...

✨ Key Highlights

Kenya and Uganda will jointly own shares in the Kenya Pipeline Company (KPC) after Kenya publicly lists KPC shares on the Nairobi Securities Exchange as part of a privatization deal. President William Ruto announced that Kenya will divest 65 percent of its stake, allowing Uganda and other regional investors to co-invest.

Kenya plans to divest 65 percent of its stake in KPC, retaining 35 percent.
President William Ruto announced the agreement during an investment tour in Uganda.
The privatization of KPC through an Initial Public Offering is expected to be completed by March 31, 2026, with parliamentary approval secured in October 2025.