Nigerian billionaire Aliko Dangote said on Wednesday that his company had bought a 25% stake in Kenya Pipeline Company (KPC), the network that moves petroleum products from the port of Mombasa across Kenya and into neighbouring countries, Reuters reported. Dangote announced the deal at an event in London and did not identify which company within his group made the purchase. "We bought 25% of their pipeline network for the distribution of petroleum products," he said, according to Bloomberg reporting carried by Capital FM and BusinessDay.

The stake matches a block trade on the Nairobi Securities Exchange on Monday in which about 4.5 billion KPC shares — about 24.76% of the company — changed hands for about 42.5 billion Kenyan shillings ($327 million, yaani about 32.7 crore dollars), according to the exchange report cited by BusinessDay and Capital FM. The shares were previously held by state institutions including the National Social Security Fund and the Unclaimed Financial Assets Authority, which had bought into KPC during its initial public offering earlier this year, when the Kenyan government sold 65% of the formerly wholly state-owned company. Following the sale, the Kenyan government retains a 35% stake, BusinessDay reported.

The Financial Times, reporting from its Africa Summit in London, said Dangote also planned to invest $1.5 billion (yaani 150 crore dollars) to expand the Kenyan pipeline network, as part of a continent-wide strategy to distribute refined products around Africa. The pipeline deal deepens Dangote's East Africa energy push alongside his planned $16 billion refinery (yaani 1,600 crore dollars) in Lamu County — a 700,000-barrel-a-day plant whose groundbreaking he attended with President William Ruto on September 30, Capital FM reported. President Ruto welcomed this week's sale as a sign of confidence in Kenya's capital markets, BusinessDay reported, while opposition politician Ndindi Nyoro criticised the transaction and called for greater disclosure. Sources: Reuters via TradingView (Oct 21, 2026); Bloomberg via Capital FM (Oct 21, 2026); BusinessDay citing Bloomberg (Oct 21, 2026); Financial Times via FT Africa Summit reporting (Oct 21, 2026).