Dangote acquires 25% stake in Kenya oil pipeline

Dangote Industries Limited, led by Aliko Dangote, has acquired a 25% stake in a petroleum products pipeline network in Kenya, as reported by Punch. The acquisition is part of the company's efforts to strengthen its distribution infrastructure across Africa. Dangote made these remarks during a conversation at the Financial Times Africa Summit 2026 in London, where he also discussed other projects in Djibouti, Ethiopia, Cameroon, and Namibia.

The company is developing a distribution corridor linking Djibouti with Addis Ababa, including tank farms for storage and movement of petroleum products. Dangote also mentioned plans to establish another refinery in Lamu, Kenya, with a capacity of approximately 700,000 barrels per day, citing the region's industrial and mining activities, growing energy requirements, and persistent difficulties in accessing diesel and other petroleum products.

Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.