Aliko Dangote’s company acquires a 25% stake in Kenya Pipeline Company in a deal valued at about $327 million, announced at the Financial Times Africa Summit in London. Dangote says the purchase is aimed at facilitating the movement and distribution of petroleum products through the pipeline network.
The acquisition is presented as part of Dangote’s broader energy expansion across Africa, including plans for a major refinery at Kenya’s Lamu port. Multiple outlets link the pipeline stake to Dangote’s stated refinery ambitions, including references to a 700,000-barrel-per-day project and an estimated commissioning timeline. The Lamu refinery is also described as being advanced through groundwork with Kenyan officials.
Some coverage also provides background on how Kenya Pipeline Company’s ownership is being structured, including mention that Kenya sold part of its stake previously via an IPO and that a 25% interest was sold by public entities to private investors, though buyers were not identified in the Kenyan government comments.
