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.
Dangote Acquires 25% Stake in Kenya's Oil Pipeline for $327M | Split Angle