Dangote acquires 25% stake in Kenya Pipeline Company 

Aliko Dangote, has acquired a 25per cent stake in Kenya Pipeline Company (KPC) in a deal valued at approximately $327 million, expanding his investments in East Africa’s petroleum distribution infrastructure.

Dangote, the founder and Chief Executive Officer of Dangote Industries Limited, disclosed the acquisition during an event in London on Wednesday   according to Bloomberg.

The acquisition comes as the Nigerian industrialist develops a $16 billion oil refinery in Kenya’s Lamu archipelago, modelled after his 700,000-barrel-per-day refinery in Lagos.

However, Dangote did not disclose which of his companies acquired the stake.

Kenya Pipeline Company operates the country’s petroleum transportation and distribution network, serving as a major link between the coastal port of Mombasa and inland fuel markets.

The company was previously wholly owned by the Kenyan government until it sold 65% of its shares through an initial public offering (IPO) earlier in 2026, opening the business to private investors.

“We bought 25% of their pipeline network for the distribution of petroleum products.”

According to a report released by the Nairobi Securities Exchange on Monday, Kenya Pipeline recorded a block transaction involving approximately 4.5 billion shares valued at 42.5 billion Kenyan shillings ($327.4 million).

The company currently has a market valuation of approximately 163.9 billion shillings.

Kenya Pipeline Company was established in 1973 and commenced commercial operations in February 1978, growing into one of the country’s most important energy infrastructure operators.

According to information published on its official website, the company manages an extensive petroleum transportation system connecting Kenya’s coastal import facilities with major consumption centres across the country and neighbouring East African markets.

Its pipeline network spans approximately 1,342 kilometres, supported by petroleum storage depots, pumping stations and loading facilities.

The infrastructure has an estimated annual handling capacity of 14 billion litres of petroleum products.

Beyond serving Kenya’s domestic market, the network facilitates petroleum supplies to other East African countries, strengthening regional energy trade and distribution.

Following its listing on the Nairobi Securities Exchange, the company now operates as a publicly traded entity, combining commercial investment objectives with its responsibility for supporting Kenya’s energy security.

Dangote’s acquisition gives his business interests a significant stake in the infrastructure supporting Kenya’s petroleum supply chain, alongside his proposed investment in the country’s refining sector.

Dangote’s acquisition of a stake in Kenya Pipeline Company comes as the Kenyan government is also planning to acquire an equity interest in his proposed Lamu oil refinery.