Kenya to Invest in Ksh 500B Company in Uganda, Ruto Announces
Museveni has welcomed the interest in investing in the industry, which both leaders say will go a long way in ensuring that the Eastern African region heavily benefits from value addition on its raw materials...
✨ 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.
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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.
