Dangote plans $1.5B Kenya pipeline investment
Aliko Dangote plans to invest $1.5 billion to expand a pipeline network in Kenya, according to the Financial Times. Dangote’s company bought a 25% stake in the Kenya Pipeline Company. The expansion is part of a plan to own a distribution network including regional tank farms and pipelines linking the group’s refineries to prospective markets across the continent.
Why it matters: The investment is relevant to the energy theme because it extends Dangote’s refinery-to-market distribution network across Africa.