Nairobi, Oct. 22 -- Kenya Pipeline Company Plc share price jumped 7.9 percent on Thursday, hitting a high of Sh9.78 from Sh9.06 at its previous closing, after the disclosure of Aliko Dangote's acquisition of a 24.7 percent stake in the company.

The entry of the Nigerian billionaire businessman, who is expected to make fresh investments in the business, has been viewed as a vote of confidence in the mid-stream oil company, driving investors' interest in the counter.

Published by HT Digital Content Services with permission from Business Daily....