Aliko Dangote, President of Dangote Industries Limited (DIL), has announced that his company has acquired a 25 per cent stake in the Kenya Pipeline Company to facilitate the distribution of petroleum products.

Dangote disclosed the acquisition on Wednesday at the Financial Times Africa Summit in London, according to Reuters. Bloomberg valued the deal at approximately $327 million.

“We bought 25 per cent of their pipeline network for the distribution of petroleum products,” the industrialist said.

The acquisition forms part of Dangote’s expanding energy investments across Africa, following his plans to establish a 700,000-barrel-per-day refinery at Kenya’s Lamu port.

On September 30, Dangote and Kenyan President William Ruto launched the $16 billion refinery project, which is modelled after the Nigerian refinery owned by the industrialist.

Dangote said the facility would be commissioned within 40 months and would significantly expand the region’s energy and industrial capacity.

“We will come back here and commission this refinery in 40 months from today. The East African refinery is designed to process approximately 700,000 barrels of crude per day, it will also generate 1,000 megawatts, twice that of Lagos,” he said.

“We have 1 million tons of polypropylene and we also have a base oil production that we’ll supply and also we will supply at least 20 percent of jet fuel consumed by Europe and the UK, like what we did during this crisis.”

On Tuesday, Ruto disclosed that private investors had acquired a 25 per cent stake in Kenya’s pipeline network from public entities, although he did not identify the investors.

The Kenyan government had earlier sold a 65 per cent stake in the Kenya Pipeline Company through an initial public offering (IPO) in March 2026, marking its first major share sale in two decades.

The sale was part of efforts to raise government revenue amid limited fiscal space.