Africa’s richest man, Aliko Dangote, plans to invest $1.5 billion into expanding a pipeline network in Kenya, according to a report by the Financial Times as cited by Semafor. The investment, which includes buying a 25% stake in the Kenya Pipeline Company, forms part of Dangote’s broader strategy to build a pan-African oil and gas operation amid rising demand triggered by the oil price shock from the Iran war.
company
Kenya Pipeline Company
Kenyan state-owned oil pipeline company