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HomeDaily NewsFriday, October 2, 2026COFEK Seeks Review of Sh2.2tn Dangote Lamu Refinery Project - October 2026
Business & Economy3 stories from 1 sources

COFEK Seeks Review of Sh2.2tn Dangote Lamu Refinery Project - October 2026

The Consumers Federation of Kenya (COFEK) has petitioned the Public Private Partnerships Petition Committee to review Kenya's planned involvement in the proposed Sh2.2 trillion Dangote East Africa Oil Refinery and Petrochemical Complex in Lamu, raising concerns about the massive infrastructure project. Over 100 East African businesses are simultaneously embarking on a 12-day program to explore new opportunities in the Chinese market, aiming to move beyond traditional import relationships and secure bigger trade shares. Nairobi has also been recognized as one of five African cities to watch for significant technology and industrial growth, with projections indicating sustained economic expansion through 2050.

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Friday 11:39 AMCapital Business

COFEK Seeks Review of Sh2.2tn Dangote Lamu Refinery Project

COFEK Seeks Review of Sh2.2tn Dangote Lamu Refinery Project

The Consumers Federation of Kenya (COFEK) has petitioned the Public Private Partnerships Petition Committee to review Kenya’s planned involvement in the proposed Sh2.2tn Dangote East Africa Oil Refinery and Petrochemical Complex in Lamu.

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Key Highlights

The Consumers Federation of Kenya (COFEK) has petitioned the Public Private Partnerships Petition Committee to review Kenya’s planned involvement in the proposed Sh2.2tn Dangote East Africa Oil Refinery and Petrochemical Complex in Lamu.

  • COFEK is seeking detailed records on the project's approval, procurement, feasibility, financial risks, public participation, and government support arrangements, citing a lack of transparency.
  • Key figures involved include COFEK, Nigeria's Aliko Dangote, and President William Ruto.
  • The petition also questions the proposed 10 percent equity stake for Kenya, valued at approximately US$500 million, and details regarding the land designated for the refinery.
Thursday 6:25 PMCapital BusinessFirst

Nairobi among five cities to watch on tech, industry growth

Nairobi among five cities to watch on tech, industry growth

Nairobi has been recognized as one of five African cities to watch for significant technology and industrial growth, with projections indicating sustained economic expansion through 2050.

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Key Highlights

Nairobi has been recognized as one of five African cities to watch for significant technology and industrial growth, with projections indicating sustained economic expansion through 2050.

  • Oxford Economics forecasts an average annual growth of 5.5 percent in information technology and 4.1 percent in finance over the next 25 years.
  • The report highlights Nairobi's potential to create about 700,000 additional industrial jobs.
  • Nairobi International Financial Centre (NIFC) CEO Daniel Mainda aims to position Nairobi as "Africa's Capital of Capital."
Friday 3:54 PMCapital Business

East African Businesses Seek Bigger Share of China Trade

East African Businesses Seek Bigger Share of China Trade

Over 100 East African businesses are embarking on a 12-day program to explore new opportunities in the Chinese market, aiming to move beyond traditional import relationships.

Read Story

Key Highlights

Over 100 East African businesses are embarking on a 12-day program to explore new opportunities in the Chinese market, aiming to move beyond traditional import relationships.

  • More than 100 businesses from Kenya, Uganda, Tanzania, and Rwanda are participating.
  • The initiative is organized by NCBA Group and includes visits to Beijing and Guangzhou from October 13 to 24.
  • Participants will attend the Canton Fair and seek partnerships, technology, and potential export markets, with NCBA providing access to trade finance and other banking services.
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