Uganda National Oil Company (UNOC)

Public data, unclaimed profile

Uganda's national oil company. Anchor investor in the Kenya Pipeline IPO (20.15%, about KSh 33bn, February 2026). Strategic investor profile: excluded from matching.

At a glance

Based on observed investment behaviour: 1 recorded deal

Investor type: Strategic or industrial group (inferred, not verified)
Capital type: Strategic investor (inferred from profile)
Observed ticket: Data unavailable
Countries: Kenya (1)
Activities: Fuel and LPG distribution (1)
Instruments: Equity (1)
Stages: Growth (1)
Recent activity: 1 deal in 12 months, latest Feb 2026

Stated thesis versus observed behaviour

Fewer than three recorded deals: insufficient evidence to compare thesis and behaviour.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket: n/a
Instruments: Equity
Preferred sectors: Energy
Target geographies: East Africa
Stages (stated by the fund and from its deals): Growth
Website: https://www.unoc.co.ug

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Kenya Pipeline Company

February 2026 · Kenya

Growth824.031 M$EquityEnergyCo-Lead

Offer from 19 January to 24 February 2026, listing on 9 March; retail and oil-marketer demand below expectations, rescued by NSSF and Uganda.

Activity : Fuel and LPG distribution

Announced January 2026, completed March 2026 — 2 months from announcement to closing

Instrument : IPO of 65% of the capital for KSh 106.3bn, 105.7% subscribed; NSSF Kenya KSh 38.2bn (22.2%), UNOC about KSh 33bn (20.15%)

Kenya's oil pipeline and depot network, serving Uganda and the region.

Why they invested

Partial privatisation of a public infrastructure asset

Co-investors NSSF Kenya (National Social Security Fund) (Co-Lead)

Source : nation.africaN2 · Cross-checked (2+ outlets) · Other sources : CNBC Africa (Reuters), Money254

In short

Uganda National Oil Company (UNOC) invests across the following sectors: Energy, in the following areas: East Africa. Check in 30 seconds whether your company fits these criteria.

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