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.
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Govt to Close 742 Companies, Privatize KPC, and Pay Ksh 230M to Ex-Pan Paper Workers - November 2025
The Kenyan government has announced plans to close 742 companies, with the Registrar of Companies publishing a gazette notice giving a three-month period for objections before the dissolutions take effect in February. In a separate move impacting a state-owned enterprise, President William Ruto announced that Kenya will privatize the Kenya Pipeline Company (KPC). Kenya plans to divest 65 percent of its stake, allowing Uganda and other regional investors to co-invest after a listing on the Nairobi Securities Exchange. Additionally, the government has released Ksh 230 million to former employees of Pan Paper Mills. This payment addresses long-standing arrears and is considered a significant step toward reviving the region's industrial economy.
