By Joseph Kiggundu
The Uganda National Oil Company (UNOC) has welcomed the successful conclusion of engagements between the governments of Uganda and Kenya regarding Uganda’s participation in the Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC).
The Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu, said the strategic investment will strengthen Uganda’s access to critical petroleum infrastructure while improving the reliability and efficiency of fuel supply across the region. She noted that the move is expected to support smoother cross-border logistics and enhance supply chain coordination within the East African petroleum market.
The official signing ceremony took place in Nairobi, where Minister Nankabirwa signed on behalf of the Government of Uganda to formalize the country’s participation in the Kenya Pipeline Company IPO.
“By investing in KPC, a key player in regional petroleum transport and storage, Uganda aims to enhance supply chain stability, ensure reliable and affordable fuel imports, and reinforce its strategic position in East Africa’s evolving energy landscape. This move will strengthen regional energy cooperation and safeguard Uganda’s long-term fuel security,” Nankabirwa said.
According to UNOC’s Chief Executive Officer, Proscovia Nabbanja, the investment aligns with Uganda’s broader energy security strategy and ongoing efforts to deepen regional energy cooperation. She explained that improved access to pipeline infrastructure is expected to reduce transportation costs, enhance product availability, and strengthen resilience in the petroleum distribution network.
As a shareholder in Kenya Pipeline Company, UNOC will work closely with regional partners to improve operational efficiency, expand infrastructure capacity, and promote deeper regional energy integration.
The development marks a significant milestone in strengthening strategic energy partnerships in East Africa and supporting sustainable growth in the region’s petroleum sector.