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# [KENYA] Dangote acquires 24.76% of Kenya Pipeline Company for $327 million
- URL: https://businessoi.media/en/kenya-dangote-acquiert-24-76-de-kenya-pipeline-company-pour-327-millions-usd-en/
- Published: 2026-10-23T13:39:43.000Z
- Updated: 2026-10-23T13:39:43.000Z
- Description: Aliko Dangote acquires 24.76% of Kenya Pipeline Company for $327M, announced from London on October 21. Alongside the $16–17bn Lamu refinery, he is building an East African energy empire.
- Author: Emmanuel TAOCHY
- Tags: Kenya, Investissement, Énergie, Clôture, #en

**NAIROBI, October 21, 2026** — Aliko Dangote, founder and CEO of Dangote Industries and Africa's richest man, announced in London on October 21 the acquisition of **24.76% of Kenya Pipeline Company (KPC)** for approximately **$327 million** (KES 42.5 billion). The block deal, executed on the Nairobi Securities Exchange (NSE), values the entire KPC at approximately KES 163.9 billion — one of the largest private deals in East Africa's energy history.

### 1,342 km of critical arteries for the region

Founded in 1973 and commercially operational since 1978, KPC operates a pipeline network of **1,342 km** connecting the port of Mombasa to Kenya's inland markets and landlocked neighbouring countries — Uganda, Rwanda and Burundi. The company handles up to **14 billion litres** of petroleum products per year. In 2026, the Kenyan government floated KPC on the stock exchange, selling 65% of its capital to private investors. Dangote now becomes the largest private shareholder in this strategic infrastructure.

### The Lamu refinery: $16–17 billion under construction

This acquisition is part of a broader vertical integration strategy. On September 30, 2026, Dangote Industries broke ground on its future **Lamu refinery**, with an estimated cost of **$16–17 billion** and a capacity of 700,000 barrels per day. President William Ruto's government announced a Kenyan state stake via the National Infrastructure Fund. Additionally, 20% of Dangote's Nigerian refinery IPO — up to **$300.4 million** — is reserved for East African investors at KES 53.50 per share as GDRs.

### AfDB and Equity Bank lend support

In the same week, the African Development Bank (AfDB) and Equity Bank Kenya signed a **$60 million guarantee** to support international trade financing in Kenya. These two initiatives reinforce Kenya's capacity to attract private capital for strategic infrastructure and cement its position as a regional energy hub.

### Why it matters

By controlling both a strategic pipeline and a future regional refinery, Dangote Industries is becoming the central actor in East Africa's energy security. For Indian Ocean territories — Mauritius, Réunion, Madagascar — the reshaping of petroleum supply chains in the region could ultimately influence fuel costs and logistics flows across the basin. East Africa is firmly asserting itself as a magnet for the continent's largest capital players.

*Sources: Nairametrics, Nation Africa, Business Daily Africa, French Treasury — AEOI Economic Briefs, week of October 19, 2026.*