The Kenyan government has reaffirmed its recognition of Uganda’s strategic stake in the regional oil pipeline and its critical role in strengthening East Africa’s energy security.

Speaking at a stakeholders’ meeting convened by the Uganda National Oil Company, Treasury Cabinet Secretary John Mbadi said Kenya has secured all necessary approvals to reduce its shareholding in the Kenya Pipeline Company (KPC) through an initial public offering.

He emphasized that the government will retain a strategic stake in the company alongside full regulatory oversight.

Mbadi noted that the planned IPO is aimed at enhancing KPC’s long-term sustainability by unlocking access to capital markets as the company prepares for listing on the Nairobi Securities Exchange.

He further reaffirmed Kenya’s commitment to regional integration, highlighting ongoing investments in cross-border infrastructure, including the extension of the Standard Gauge Railway to Malaba and the construction of dual carriageways linking Nairobi to the Ugandan border via Eldoret and Kisumu.

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