Business3 sources
Dangote Acquires 25% Stake in Kenya's Oil Pipeline for $327M
- Dangote Group buys 25% stake in Kenya's oil pipeline for $327 million.
- The acquisition is part of Dangote's broader strategy to expand energy investments across Africa.
- This move follows plans for new refineries and storage facilities in the region.
- The deal was reported by multiple financial and news outlets including Financial Times, Reuters, and Bloomberg.
- Dangote aims to become a major player in Africa's energy sector.