Kenya’s Ruto Pledges Support for Uganda’s $4B Refinery Project, Bolstering Regional Energy Security. Nairobi, Kenya – In a significant move at the Africa We Build Summit 2026, Kenyan President William Ruto announced the country’s intent to invest in Uganda’s $4 billion oil refinery project, underscoring the commitment to regional energy security and self-sufficiency.
The pledge, a reciprocal gesture for Uganda’s investment in Kenya’s pipeline infrastructure, is part of a broader strategy to address Africa’s energy imbalance. Despite producing nearly 10 million barrels of oil per day, the continent spends approximately $90 billion annually on imported refined petroleum products.
The Ugandan oil refinery, which is set to process 60,000 barrels per day, is backed by UAE-based Alpha MBM Investments.
The project, expected to be one of East Africa’s largest downstream energy projects, includes a multi-product pipeline and storage terminal, aiming to make Uganda a regional energy hub.
The Kenyan government’s investment is anticipated to accelerate the project’s development, marking a strategic shift towards local investments and self-reliance.
As the Final Investment Decision (FID) approaches in July 2026, this collaboration could serve as a model for regional cooperation and investment in Africa’s energy sector, potentially reducing the continent’s reliance on imported fuel and enhancing energy security.
*Additional reporting by ImNews | Sources consulted: 5*
—
This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: Chinedu Okafor
