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Uganda gets veto powers to hire and fire KPC boss

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 (IPO) media roundtable at Sarova Stanley Hotel, Nairobi on January 20, 2026.

Photo credit: Lucy Wanjiru | Nation Media Group
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By  Kepha Muiruri

Business Reporter

Nation Media Group

Kenya has given Uganda the right to veto future hiring and firing of the Kenya Pipeline Company (KPC) CEO as part of an agreement reached last week for Kampala to buy over Sh20 billion stake and save the firm’s initial public offering (IPO).

Kampala will also approve future issuance of fresh shares in KPC, in a move aimed at preventing dilution of its ownership in the company.

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