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Originally published by Kenyanstop
April 23, 2026
2h ago
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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