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Aliko Dangote becomes Kenya Pipeline Company’s second-largest shareholder after KSh 42.5 billion deal
Nigerian billionaire Aliko Dangote has become the second-largest shareholder in the Kenya Pipeline Company (KPC) after acquiring a stake worth KSh 42.5 billion, placing him behind the Kenyan government.
The acquisition gives Dangote nearly 25 per cent ownership of the state-linked company following a transaction involving approximately 4.5 billion shares previously held by Kenyan public institutions.
The deal was completed through the Nairobi Securities Exchange (NSE).
Dangote confirmed the acquisition while in London, marking another major investment in Kenya’s energy sector.
The purchase comes barely a month after he launched plans for a KSh 2.2 trillion oil refinery project in Lamu.
His entry into KPC gives him a significant stake in a company that plays a key role in the transportation and distribution of petroleum products across Kenya and neighbouring countries.
The investment also comes at a time when Kenya is seeking to attract private capital into major infrastructure projects and strengthen its position as a regional energy hub.
Dangote, one of Africa’s wealthiest businessmen, has interests in cement manufacturing, fertiliser production and oil refining.
His planned refinery in Lamu is expected to expand his presence in the regional petroleum industry.
The acquisition of the KPC stake adds another major investment to his growing business interests in Kenya, with the transaction making him the company's second-largest shareholder after the government.
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Great to have hosted the Governors of Narok, Tharaka Nithi, and Taita-Taveta Counties for the official launch of Thamani Asili.
Together, we are championing local heritage, sustainable growth, and impactful county partnerships.
#ThamaniAsili#CountyPartnerships
📌 Taita Taveta County!
Today we inaugurated Thamani Asili at Maktau Gate in Tsavo West alongside regional leaders, Amb. Meg Whitman, The Nature Conservancy (TNC) Africa Director Ademola Ajagbe, the Kenya Wildlife Service @KWSKenya and our frontline conservancy stewards.
Under a 10-year Project Finance for Permanence (PFP) model, the Government of Kenya and TNC Africa are providing sustainable, long-term conservation funding across 31 counties.
Covering four major regions—from Tsavo to the Coast, Greater Ewaso, the Greater Rift, and Western and Southern Kenya—Thamani Asili protects vital water towers like Mzima Springs while safeguarding rare species, including the Grevy’s zebra, reticulated giraffe, and rhino!
Thamani Asili will directly impact over 1.6 million people, strengthen over 130 community conservancies, and unlock 20,000+ green jobs in eco-tourism, habitat restoration, and transparent carbon credit markets, with focus on women, youth and communities living alongside wildlife.
By ensuring that human-wildlife coexistence yields tangible household rewards, we are driving nature-based growth under our Bottom-Up Economic Transformation Agenda.
The @Min_TourismKE is grateful to TNC Africa, Amb. Meg Whitman, and the people of Taita-Taveta. When nature thrives, communities prosper.
#TunzaMaliYako
Lower taxes, affordable food production, accessible healthcare and more jobs can help ease pressure on Kenyan households. Combining lower expenses with better earning opportunities is the way to achieve Mapato Zaidi and meaningful #CostOfLivingRelief.
University funding reforms can help deserving students pursue higher education regardless of their families' financial situation. Better access to education opens future career opportunities and supports Mapato Zaidi for households. #CostOfLivingRelief.
Investing in energy, manufacturing and infrastructure can strengthen local production and support employment. A stronger domestic economy creates opportunities for businesses to grow, workers to earn and families to prosper. #CostOfLivingRelief and Mapato Zaidi.
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Vodacom continues to hold a 55 per cent stake in Safaricom as the Court of Appeal reviews the legality of the government’s sale of an additional 15 per cent shareholding.
Read:
https://t.co/2BhshtcyYy