President William Ruto has confirmed that Kenya and Uganda will jointly hold shares in the Kenya Pipeline Company once the ongoing privatisation process is completed.
Speaking during an investment tour in Uganda, Ruto said the move follows a joint ministerial meeting in Nairobi, where both governments ratified new frameworks for shared ownership of strategic infrastructure.
Under the arrangement, Kenya will divest 65 percent of its stake in KPC, retaining 35 percent, allowing Uganda and other regional investors to co-invest.
The privatisation is set to conclude through an Initial Public Offering by March 31, 2026.
“The government of Uganda is prepared to co-invest with us because KPC is not just a Kenyan facility but a regional facility,” Ruto said, highlighting the benefits of diversified earnings and wider participation in critical assets. The public listing on the Nairobi Securities Exchange will provide a transparent platform for regional investors.
Ruto also disclosed plans to extend the pipeline from Eldoret through Kampala to the border with Rwanda and the Democratic Republic of Congo. The project aims to strengthen energy distribution, improve logistics, and enhance economic collaboration across the region.
In addition, Uganda President Yoweri Museveni said his government is more than ready to extend the Standard Gauge Railway from Naivasha to Kampala, linking with the existing line from Malaba and further connecting to the DRC.
Ruto explained that the rail expansion will boost trade, improve transport efficiency, and cement closer ties between Kenya and Uganda.
These initiatives form part of a broader push for regional integration, reflecting a strategic approach to joint ownership of key infrastructure and fostering deeper economic cooperation across East Africa.
Museveni has praised President Ruto for his visionary pan-africanism, that is in display through inter-regional developments.
