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Uganda gets veto powers to hire and fire KPC boss

• Feb 24, 2026 • Business Daily Business Daily
Kenya Pipeline Company Managing Director Joe Sang (Centre), Faida Investment Bank Lead Transaction Advisor Dr Belgrad Kenne (left) and Public Investments and Portfolio Management Director General Lawrence Kibet during the Kpc initial public offering
The Kenyan government is selling a 65 percent stake in KPC via the Nairobi bourse.

Key Takeaways

  • Uganda has secured veto powers over the hiring and firing of the Kenya Pipeline Company (KPC) CEO and the issuance of new shares.
  • Kenya granted these concessions, including two board seats, to guarantee Uganda's crucial investment of over Sh20 billion in KPC's struggling Initial Public Offering (IPO).
  • Uganda's investment, made through its state-owned National Oil Company (UNOC), is a strategic move to strengthen regional energy cooperation and safeguard its national interests.
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