Billionaire Dangote buys 25% of Kenya's pipeline for $327m
According to Billionaires Africa, Aliko Dangote's group has bought nearly a quarter of Kenya Pipeline Company for $327 million, weeks after he broke ground on a Kenyan refinery. Table of Contents Nigerian billionaire Aliko Dangote said his group has bought a quarter of Kenya Pipeline Company Ltd., the state-controlled operator of the network that carries fuel from the port of Mombasa to the rest of the country and on to neighboring states, in a deal worth about 42.5 billion shillings ($327 million).
What happened
Aliko Dangote's group has bought nearly a quarter of Kenya Pipeline Company for $327 million, weeks after he broke ground on a Kenyan refinery. Table of Contents Nigerian billionaire Aliko Dangote said his group has bought a quarter of Kenya Pipeline Company Ltd., the state-controlled operator of the network that carries fuel from the port of Mombasa to the rest of the country and on to neighboring states, in a deal worth about 42.5 billion shillings ($327 million).
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