Kenya Eyes Investment Stake in Uganda’s Planned Oil Refinery Project
Kenya is reportedly keen on acquiring a significant stake in Uganda’s ambitious oil refinery project, valued at over KSh 500 billion. This development signals a push for stronger energy sector collaboration among East African nations.
The announcement emerged from the Africa We Build Summit in Nairobi, a gathering where President Museveni and other regional leaders discussed crucial infrastructure and industrialization initiatives. This potential investment is seen as a key step towards deepening East African integration and enhancing value addition within the region’s oil sector.
Summarized by ZZINA AI
