The Kenya Pipeline Company and why Uganda’s $200 million profit is only the beginning
Ugandan officials sign a deal with Kenya to participate in the Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC) COMMENT | MORRISON RWAKAKAMBA | In the breathless 24-hour news cycle, strategic statecraft rarely makes headlines. While political noise mostly dominates the agenda, a quiet financial masterstroke has been unfolding on the Nairobi Securities Exchange that deserves the attention of every Ugandan taxpayer. The Government of Uganda’s acquisition of a 20.15% stake in the Kenya Pipeline Company, which was negotiated and approved by Cabinet in February 2026, with the transaction closing during the company’s initial public offering that same month is not just a diplomatic win; it is a highly intelligent, deeply technical, and massively profitable economic play. Let us…