Nigerian billionaire Aliko Dangote has confirmed his firm acquired a 25% stake in Kenya Pipeline Company (KPC), according to a Bloomberg Terminal report on October 21, 2026.
Speaking at an event in London, Dangote said the investment would support the distribution of petroleum products.
The announcement identifies the buyer behind Monday’s KSh 42.5 Bn block trade involving 4.5 Bn shares, equivalent to 24.76% of KPC.
President William Ruto had confirmed the shares were acquired from public entities. Business Daily reported at least eight parastatals participated in the sale.
Major post-IPO public investors included NSSF, UFAA and State-backed pension schemes. The individual sellers and Dangote’s acquiring legal entity remain undisclosed.
Safaricom PLC Revenue Sources:
📱 M-PESA became Safaricom's largest revenue line in FY2022 and now sits at 41.5% of total revenue, up from 20.0% a decade ago.
📶 Fixed Data and Mobile Data are the fastest growing lines over 10 years at 18.3% and 18.2% CAGR respectively, together accounting for nearly a quarter of revenue.
📲 Voice has flatlined around KSh 80 billion after peaking above KSh 93 billion between FY2017 and FY2019. Volume growth could not offset pricing declines.
💬 Messaging is in outright decline, down from KSh 15.7 billion in FY2015 to KSh 12.6 billion in FY2025.
M-PESA and data contribute the share that voice and messaging once owned.
Kenya Pipeline Company's annual revenue reached a record KSh 42.98Bn in FY2026, up 8.8% from KSh 39.50Bn in FY2025, extending its revenue growth streak to four consecutive years.
◉ 5 Years (2021–2026): Revenue increased 53.6%, from KSh 27.99Bn to KSh 42.98Bn, representing a CAGR of 9.0%.
◉ 10 Years (2016–2026): Revenue grew 87.0%, from KSh 22.98Bn to KSh 42.98Bn, at a CAGR of 6.5%.
◉ 20 Years (2006–2026): Revenue expanded 408.5%, from KSh 8.45Bn to KSh 42.98Bn, equivalent to a CAGR of 8.5%.
Petroleum transportation generated KSh 41.82Bn, accounting for 97.3% of FY2026 total revenue, supported by 10.61Mn m³ of fuel throughput.
The Bank of Uganda has called an emergency Monetary Policy Committee (MPC) meeting for Wednesday, 14 October 2026, as the Ugandan shilling comes under mounting pressure, losing more than 11% against the US dollar this year, according to Reuters.
The extraordinary meeting comes after the central bank held its benchmark interest rate at 9.75% for two years, with its last rate adjustment in October 2024.
BoU's previous documented emergency MPC meeting was held on 4 July 2022, when it raised rates by 100 basis points to 8.50% to contain accelerating inflation.
The latest meeting raises the possibility of policy tightening or liquidity measures, although the central bank has not announced any decision.
🚨 Kenya’s Public Debt Crosses KSh 13.5Trillion for the First Time
Rising KSh 1.25Trillion Since December 2025
Domestic debt reached KSh 7.78Trillion, according to CBK, while the latest confirmed external debt stood at KSh 5.77Trillion in July.
The Capital Markets Authority has approved a Short Form Prospectus allowing eligible Kenyan investors to participate in the Dangote Petroleum Refinery & Petrochemicals IPO through Global Depositary Receipts (GDRs).
Renaissance Capital Kenya will aggregate local investor funds, work with Renaissance Capital Africa in Nigeria and structure GDRs after allocation of the underlying shares.
The GDRs are intended for listing on the NSE, subject to Nigeria SEC approval, a successful fund raise and share allocation.
CMA said the transaction is the first of its kind under Kenya’s GDR framework and clarified that the offer does not include Dangote’s planned Lamu refinery.
Kenya has 14 active presidential residences (3 State Houses and 11 State Lodges), while the United States has only 2(The White House and Camp David).
Damn
“Tafadhali usiniletee maneno ya mtu mjinga kama huyo. Ule ni mpuuzi sana. Mimi nimeketi hapa kama Rais wa Kenya, unaniletea maneno ya mtu wazimu kama Gachagua?” Angry President Ruto shuts down Mombasa Journalist Over Gachagua's allegations.