Aliko Dangote acquires 25% stake in Kenya Pipeline Company
Aliko Dangote acquires 25% stake in Kenya Pipeline Company
Nigerian billionaire Aliko Dangote has acquired a 25 percent stake in Kenya Pipeline Company, expanding his energy investments in East Africa as Kenya opens up the state-owned firm to private investors.
According to Bloomberg, Dangote, the founder of Dangote Industries Limited, disclosed the investment at an event in London, although he did not name the company through which the stake was acquired.
“We bought 25% of their pipeline network for the distribution of petroleum products,” Dangote said.
The investment comes as Kenya seeks to attract private capital into key infrastructure assets while raising funds for development projects through the partial sale of state-owned companies.
Dangote also outlined plans to expand his energy investments across the continent, including a proposed 700,000-barrel-per-day refinery in Kenya’s Lamu archipelago.
The refinery, estimated to cost $16 billion, would match the capacity of his existing refinery in Lagos, Nigeria.
The proposed project forms part of wider infrastructure development plans linked to the Lamu Port-South Sudan-Ethiopia Transport Corridor, which includes roads, railways, pipelines, airports and power infrastructure.
Speaking at the refinery’s groundbreaking ceremony last month, Dangote said the project would help reduce the region’s dependence on imported refined petroleum products.
“We are breaking ground for a new chapter in Africa’s industrial journey to a brighter future,” he said.
The proposed refinery is expected to serve markets across East and Southern Africa, with the aim of improving regional access to locally refined fuel.
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Dangote’s investment follows the government’s sale of a 65 percent stake in Kenya Pipeline Company through an initial public offering (IPO).
President William Ruto formally opened trading in the company’s shares at the Nairobi Securities Exchange on March 10, 2026, marking the start of public trading following the share sale.
“I promised that the government would bring the Kenya pipeline IPO to the stock exchange; it may have taken longer than I had planned, but that day is finally here,” Ruto said.
The IPO raised Ksh106 billion, with the proceeds earmarked for the National Infrastructure Fund, which is intended to finance commercially viable development projects.
Ruto said the listing was significant because it offered the government another way to raise money for infrastructure without relying solely on conventional public spending.
“There is a deeper significance to today’s listing. If you ask many Kenyans today, few can point to a specific national asset or project that has been built using proceeds from the sale of stakes in government companies,” he said.
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