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Dangote Cement acquires 25% stake in Kenya's Savannah Cement for $327 million.
Aliko Dangote's company, owned by Africa's richest man, acquired a 25% stake in Kenya Pipeline Company for $327 million, a move aimed at expanding its energy empire across the African continent, Bloomberg Markets reported. Aliko Dangote, founder and CEO of Dangote Industries Ltd., revealed the news at an event in London on Wednesday, but did not specify which of his companies made the acquisition.
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