Uganda to Invest Billions in Ruto’s Multimillion Project
Uganda plans to stake over Ksh30 billion to acquire ownership in the deal that is set to give it a major boost in its access to fuel products...
✨ Key Highlights
Uganda is set to invest Ksh32.95 billion (USD255.4 million) in Kenya Pipeline Company (KPC) as part of a deal for the Uganda National Oil Company (UNOC) to acquire stakes and secure long-term access to regional fuel transport infrastructure.
- Uganda will invest Ksh32.95 billion in the KPC IPO.
- Key organizations involved are Uganda National Oil Company (UNOC) and Kenya Pipeline Company (KPC).
- The deal grants Uganda control over a significant portion of its petroleum imports transiting through Kenya.
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Kenya IMF Loan, Uganda Ksh32.95B Pipeline Investment, 300+ Jobs - February 2026
Kenya is pursuing a new financing program with the International Monetary Fund (IMF) to address its budget deficit, following the termination of previous agreements. President William Ruto met with EU Ambassador to Kenya Henriette Geiger to discuss deepening trade relations and maximizing benefits from the EU-Kenya Economic Partnership Agreement. Uganda is set to invest Ksh32.95 billion in Kenya Pipeline Company for the Uganda National Oil Company to acquire stakes in regional fuel transport infrastructure. The Kenyan government has launched a recruitment drive, announcing over 300 job vacancies across various ministries, state corporations, and public universities. Huduma Kenya has issued a warning regarding fake recruitment efforts and fraudulent appointment letters circulating online.
