{
  "id": 15881886,
  "title": "Aliko Dangote acquires 24.76pc stake in KPC for about Sh42.5bn",
  "url": "https://urgent.news/2026/10/21/aliko-dangote-acquires-24-76pc-stake-in-kpc-for-about-sh42-5bn",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-21T11:04:45.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/aliko-dangote-acquires-24-76pc-stake-in-kpc-for-about-sh42-5bn/"
  },
  "original_language": "en",
  "account": "Nigerian tycoon Aliko Dangote has purchased a 24.76 percent stake in Kenya Pipeline Company (KPC) for approximately Sh42.5 billion, as per Bloomberg. The acquisition, announced in London, saw Dangote, the head of Dangote Industries, taking ownership from government entities such as the National Social Security Fund (NSSF) and the Unclaimed Financial Assets Authority (UFAA). The transaction involved the purchase of 4.5 billion shares that had been previously held by these institutions. This move comes after KPC's initial public offering earlier in the year, which prompted the government to step in and buy shares due to limited private investment. The deal also follows President William Ruto's announcement alongside Dangote of a planned oil refinery in Lamu, with an estimated investment ranging from Sh2 trillion to Sh2.2 trillion ($16 billion). The refinery is projected to be completed in 40 months and will have a processing capacity of 700,000 barrels of crude oil daily, with the aim of supplying fuel to Kenya and neighboring countries like Uganda and Tanzania.",
  "summary": "NAIROBI, Kenya, Oct 21 – Nigerian billionaire Aliko Dangote has acquired a 24.76 percent stake in Kenya Pipeline Company (KPC) valued at about Sh42.5 billion from government institutions. Bloomberg reported…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}