Dangote acquires 25% stake in Kenya Pipeline Company for $327 million

Aliko Dangote has bought a quarter of Kenya Pipeline Company in a transaction worth about $327 million. The acquisition broadens his investment portfolio in East Africa’s fuel distribution sector. It marks a substantial cross-border African investment in Kenya’s petroleum infrastructure, highlighting the role of African capital in regional business growth.

Summary written by SeeCave. The full story belongs to the original publisher.