Uganda has officially secured a 20.15% strategic shareholding in the Kenya Pipeline Company through the Uganda National Oil Company. This follows government approval to participate in the company’s Initial Public Offering (IPO), marking a significant step in Uganda’s efforts to strengthen its role in regional energy infrastructure.
The investment gives Uganda a formal stake in one of East Africa’s key fuel transportation networks, enhancing its ability to influence operations and benefit from transit revenues. Officials say this move aligns with the country’s broader strategy to secure energy resources, promote regional cooperation, and support national economic growth.
Experts note that the partnership could improve energy security for Uganda, as well as foster stronger ties with neighboring Kenya. The stake also positions Uganda to play a larger role in East Africa’s growing oil and gas sector, while benefiting from the revenue streams generated by the pipeline.
This milestone highlights Uganda’s commitment to strategic investments that enhance regional integration and long-term economic development.