{"id":48662,"date":"2026-10-21T15:25:54","date_gmt":"2026-10-21T13:25:54","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=48662"},"modified":"2026-10-21T16:26:23","modified_gmt":"2026-10-21T14:26:23","slug":"nigerias-dangote-buys-25-stake-in-kenyas-oil-pipeline-network","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigerias-dangote-buys-25-stake-in-kenyas-oil-pipeline-network\/","title":{"rendered":"Nigeria&#8217;s Dangote buys 25% stake in Kenya&#8217;s oil pipeline network"},"content":{"rendered":"<div dir=\"ltr\">Nigerian billionaire Aliko Dangote said on Wednesday that his company had \u200bbought a 25% stake in Kenya \u200cPipeline Company to move petroleum products.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Industrialist Dangote last month broke ground on a 700,000-barrel-per-day oil \u200brefinery project in Kenya&#8217;s Lamu port.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Africa&#8217;s \u200brichest man, Dangote already operates a \u2060similar-capacity refinery near Lagos, part of \u200ba sprawling business empire that also includes fertiliser, \u200bcement, sugar and more.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Dangote announced the deal at the Financial Times Africa Summit in London.<\/div>\n<div>In a \u200bspeech on Tuesday, Kenyan President William \u200bRuto said private investors had bought a 25% \u200cstake \u2060in the country&#8217;s pipeline network from public entities but did not disclose who the buyers were.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Earlier this year, the Kenyan \u200bgovernment sold \u200ba \u206065% stake in Kenya Pipeline Company via an initial public offering, \u200bits first major share sale in \u200btwo \u2060decades as it sought to raise revenue at a time of limited fiscal \u2060space.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">\u2014Reuters\u2014<\/div>\n","protected":false},"featured_media":32664,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-48662","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Dangote announced the deal at the Financial Times Africa Summit in London.","published_date":"","news_description":"Dangote announced the deal at the Financial Times Africa Summit in London.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":3,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48662\/revisions"}],"predecessor-version":[{"id":48693,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48662\/revisions\/48693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/32664"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=48662"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=48662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}