Kenya Grants Uganda Exclusive Board Seats in KPC
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Feb 20, 2026
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Harry Njuguna
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The Kenyan Wall Street
The Kenyan Wall Street
Uganda will gain the right to nominate at least two directors to the KPC board, provided it holds not less than 20% of the company’s issued share capital.
Key Takeaways
- The Kenya Pipeline Company (KPC) initial public offer has been extended to February 24, 2026, to encourage wider retail participation.
- Uganda will gain the right to nominate at least two directors to the KPC board, and influence certain strategic decisions, provided it acquires not less than 20% of KPC's issued share capital.
- This arrangement formalizes Uganda's reliance on KPC for fuel imports, strengthening KPC's position as a regional entity.
- Uganda must acquire shares through the IPO or secondary market, receiving no automatic ownership, proceeds, or preferential economic treatment.
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