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Uganda holds 20.15% stake in Kenya Pipeline Company

By , based on PML Daily

Uganda holds 20.15% stake in Kenya Pipeline CompanyIllustrative image · Diego F · Licence Pexels

The Ugandan government has acquired a 20.15% stake in Kenya Pipeline Company, the Kenyan operator of petroleum product transport. The stake is presented as potentially generating about $200 million in profits for Uganda, according to Morrison Rwakakamba in PML Daily.

The Ugandan government holds a 20.15% stake in Kenya Pipeline Company, a Kenyan company involved in the transport of petroleum products. The acquisition represents, according to PML Daily, an investment that may already have generated about $200 million in profit for Uganda.

PML Daily presents the stake as a strategic investment made on the Nairobi Securities Exchange and estimates that the $200 million gain would only be a first step for Uganda.

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