The Kenyan government is set to receive a total of Ksh32.95 billion (USD255.4 million) from the government of Uganda as part of the money that Kampala will be channelling to acquire stakes in the Kenya Pipeline Company (KPC) sale. The investment is expected to give UNOC control over part of the pipeline corridor that handles the bulk of Uganda’s petroleum imports. An image of Kenya Pipeline Company holding deport and an insert of the Nairobi Securities Exchange market. The initial public offering, scheduled to close on Tuesday, February 24 at 5pm, is part of the government’s strategy to offload roughly two-thirds of its stake in the national pipeline infrastructure through a deal valued at Ksh106.31 billion (USD824 million). According to the government, proceeds from the share sale are expected to support the development of a proposed infrastructure investment fund and a sovereign wealth portfolio aimed at financing future strategic projects.

Source: Daily Nation February 24, 2026 15:51 UTC