GLOBEALERT
BUSINESS● LOW5h ago · Oct 21, 2026, 5:02 PM

Dangote acquires 25% stake in Kenya pipeline

Vanguard Nigeria · sub saharan africa

Africa’s richest man, Aliko Dangote, says his company has acquired a 25 per cent stake in Kenya Pipeline Company in a deal valued at approximately $327 million. Dangote announced the acquisition on Wednesday at the Financial Times Africa Summit in London, according to Reuters, saying the investment would facilitate the distribution of petroleum products. “We […] The post Dangote acquires 25% stake in Kenya pipeline appeared first on Vanguard News.

GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.

More in Business

Dangote acquires 25% stake in Kenya pipeline · GlobeAlert