Energy, Oil & GasThe Big Story

Cabinet Approves UNOC Acquisition of 20.15% Stake in Kenya Pipeline Company Uganda strengthens regional energy security with strategic investment in KPC IPO to safeguard fuel supply and price stability.

A photo collage of President Museveni, Energy Minister Ruth Nankabirwa, Finance Minister Matia Kasaija, and Proscovia Nabbanja, the Chief Executive Officer of the Uganda National Oil Company (UNOC).

The Uganda National Oil Company (UNOC) has secured a 20.15 percent strategic shareholding in the Kenya Pipeline Company (KPC) following Cabinet’s approval.   The deal marks a significant milestone in Uganda’s efforts to safeguard its energy security, reinforce regional integration, and strengthen its commercial interests in the regional petroleum supply chain. According to a media briefing by Ruth Nankabirwa,  the Minister of Energy and Mineral Development, Cabinet on Monday, February 23, 2026, approved the Government of Uganda’s participation in KPC’s Initial Public Offering (IPO) through UNOC.  The approval follows high-level engagements between the Government of Uganda and the Government of Kenya…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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