Aliko Dangote Invests $327 Million in Kenya Pipeline Company

Aliko Dangote, the founder and Chief Executive Officer of Dangote Industries Limited, has acquired a 25% stake in Kenya Pipeline Company (KPC) for approximately $327 million. The announcement was made during an event in London on October 21, 2026.

This acquisition is part of Dangote's strategy to expand his investments in East Africa's petroleum distribution infrastructure, coinciding with his development of a $16 billion oil refinery in Kenya's Lamu archipelago. The Kenya Pipeline Company, which manages the petroleum transportation and distribution network in Kenya, was previously wholly owned by the Kenyan government until it sold 65% of its shares through an initial public offering earlier in 2026.

The company has a market valuation of approximately 163.9 billion Kenyan shillings. Dangote's investment gives him a significant stake in the infrastructure supporting Kenya's petroleum supply chain and aligns with the Kenyan government's plans to acquire an equity interest in his proposed Lamu oil refinery.