Economy

Kenya Pipeline Sets Aside $45.6 Million for Dividend

AI SUMMARY

Kenya Pipeline Company has allocated 45.6 million US dollars for a dividend payout of 32 cents per share following a 13 percent rise in net profit.

Kenya Pipeline Company set aside 45.6 million US dollars for a dividend payment of 32 cents per share.
Net profit for the financial year ended June 2026 rose 13 percent to 89.5 million US dollars.
Revenue increased by 9 percent to 332.2 million US dollars, driven largely by transport revenue reaching 323.2 million US dollars.
KPC handled 10.61 billion litres of petroleum products, with Kenya accounting for 49 percent of throughput and Uganda 27 percent.
Cash and cash equivalents rose 84 percent to 158.8 million US dollars, while borrowings fell 83 percent to 3.4 million US dollars.
KPC is investing about 850.2 million US dollars over five years to expand its pipeline network, boost storage capacity, and diversify into natural gas.
Nigeria's Aliko Dangote acquired a 25 percent stake in KPC in October 2026 for approximately 327 million US dollars.
The stake acquisition is tied to Dangote's planned 16 billion US dollars refinery at Lamu.
Uganda holds a 20.15 percent stake through the Uganda National Oil Company and stands to receive about 257.4 million US dollars in dividend income.