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Originally published by Kenyans
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February 24, 2026
1h ago

Uganda to Invest Billions in Ruto’s Multimillion Project

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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