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HomeDaily NewsFriday, October 2, 2026Ruto Announces Lamu Refinery to Attract $7 Billion Foreign Investment - October 2026
Breaking News & Top Stories7 stories from 5 sources

Ruto Announces Lamu Refinery to Attract $7 Billion Foreign Investment - October 2026

President William Ruto announced that the Lamu refinery project is expected to attract between $6 billion and $7 billion (Ksh778B-Ksh908B) in foreign direct investment next year, linked to a new pipeline project transporting crude oil from Turkana to Lamu. The President also explained the strategic rationale behind choosing Lamu as the location for the proposed Dangote refinery. At the same time, President Ruto announced significant enhancements to the Directorate of Criminal Investigations (DCI) Anti-Narcotics Unit as part of a stepped-up campaign against drug trafficking and abuse in Kenya. Additionally, a new bill proposed in Kenya seeks to impose stricter regulations on foreign currency, including hefty penalties for hoarding. The proposed amendments to the Central Bank of Kenya Act aim to curb speculative hoarding that can destabilize the exchange market.

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KKBC Top StoriesKKTN News (Youtube)FirstCCitizen TV (Youtube)KKenyansTThe Standard

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Thursday 9:37 PMKBC Top Stories

Ruto: Lamu refinery project to attract Ksh908B foreign direct investment

Ruto: Lamu refinery project to attract Ksh908B foreign direct investment

President William Ruto announced that the Lamu refinery project is expected to attract between $6 billion and $7 billion (Ksh778B - Ksh908B) in foreign direct investment (FDI) next year. This investment is linked to a new pipeline project to transport crude oil from Turkana to Lamu.

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Key Highlights

President William Ruto announced that the Lamu refinery project is expected to attract between $6 billion and $7 billion (Ksh778B - Ksh908B) in foreign direct investment (FDI) next year. This investment is linked to a new pipeline project to transport crude oil from Turkana to Lamu.

  • The project anticipates attracting Ksh908B in foreign direct investment.
  • Key partners include President William Ruto and Aliko Dangote.
  • The government has secured 9,000 acres in Lamu for the facility, with plans for a 5,000-acre Special Economic Zone.
Thursday 7:11 PMKTN News (Youtube)First

Ruto vs Sifuna: Mkataba wa Dangote Wazua Mvutano Mpya Kisiasa

A political storm has erupted between President Ruto and Edwin Sifuna, the Secretary-General of the Orange Democratic Movement (ODM), over the Dangote Group's investment in Kenya.

Key Highlights

A political storm has erupted between President Ruto and Edwin Sifuna, the Secretary-General of the Orange Democratic Movement (ODM), over the Dangote Group's investment in Kenya.

  • Dangote Group announced a significant investment, including a fertilizer plant.
  • President Ruto lauded the investment as a win for Kenya's economy.
  • Edwin Sifuna questioned the terms of the deal, alleging a lack of transparency.
  • The disagreement highlights emerging political friction surrounding major foreign investments.
Thursday 7:16 PMCitizen TV (Youtube)

Ruto amshambulia Sifuna kuhusu mkataba wa Dangote, asema hatakubali mradi kuvurugwa

Ruto amshambulia Sifuna kuhusu mkataba wa Dangote, asema hatakubali mradi kuvurugwa

Ruto amshambulia Sifuna kuhusu mkataba wa Dangote, asema hatakubali mradi kuvurugwa

President William Ruto has criticized Senator Edwin Sifuna, accusing him of corruption and acting on behalf of former President Uhuru Kenyatta.

Key Highlights

President William Ruto has criticized Senator Edwin Sifuna, accusing him of corruption and acting on behalf of former President Uhuru Kenyatta.

  • Ruto alleges Sifuna is being used to push for the disclosure of a contract for a proposed crude oil refinery.
  • The primary individuals involved are President William Ruto and Senator Edwin Sifuna.
  • The controversy surrounds a contract for a proposed crude oil refinery associated with the Dangote Group.
Thursday 7:44 PMKenyans

Kenyans Holding Dollars Face Tougher Rules Under New CBK Proposal

Kenyans Holding Dollars Face Tougher Rules Under New CBK Proposal

A new bill proposed in Kenya seeks to impose stricter regulations on foreign currency, including hefty penalties for hoarding. The proposed amendments to the Central Bank of Kenya (CBK) Act aim to curb speculative hoarding that can destabilize the exchange market.

Read Story

Key Highlights

A new bill proposed in Kenya seeks to impose stricter regulations on foreign currency, including hefty penalties for hoarding. The proposed amendments to the Central Bank of Kenya (CBK) Act aim to curb speculative hoarding that can destabilize the exchange market.

  • A potential fine of up to Ksh1 million or up to 10 years in prison for offenders.
  • The bill is sponsored by Rongai MP Paul Abuor.
  • The National Assembly’s Finance Committee is currently reviewing the CBK(Amendment) Bill, 2026, before it goes to the full House.
Thursday 7:54 PMThe Standard

Ruto: Why Lamu was chosen for Dangote refinery

Ruto: Why Lamu was chosen for Dangote refinery

President William Ruto has explained the strategic rationale behind choosing Lamu as the location for the proposed Dangote refinery.

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Key Highlights

President William Ruto has explained the strategic rationale behind choosing Lamu as the location for the proposed Dangote refinery.

  • The decision was based on technical studies indicating Lamu's suitability for a large-scale petroleum facility and its associated industrial growth.
  • Key players include President William Ruto and Nigerian businessman Aliko Dangote of Dangote Group.
  • Considerations included the deep waters off Lamu, which can accommodate large vessels, and its potential to become an industrial and logistics hub for the wider East African region.
Thursday 10:00 PMCitizen TV (Youtube)

DATA POINT | Numbers behind the KSh 2.2 trillion Dangote refinery

DATA POINT | Numbers behind the KSh 2.2 trillion Dangote refinery

DATA POINT | Numbers behind the KSh 2.2 trillion Dangote refinery

Thursday 10:10 PMThe Standard

Ruto announces more officers and vehicles in drug trafficking war

Ruto announces more officers and vehicles in drug trafficking war

President William Ruto has announced significant enhancements to the Directorate of Criminal Investigations (DCI) Anti-Narcotics Unit as part of a stepped-up campaign against drug trafficking and abuse in Kenya.

Read Story

Key Highlights

President William Ruto has announced significant enhancements to the Directorate of Criminal Investigations (DCI) Anti-Narcotics Unit as part of a stepped-up campaign against drug trafficking and abuse in Kenya.

  • The government plans to increase personnel, provide specialized training, and equip the unit with additional vehicles, including 1,000 police vehicles expected by December.
  • The initiative aims to strengthen the capacity of officers to investigate and disrupt drug trafficking networks, particularly along the Coast.
  • President Ruto emphasized that while enforcement is crucial, a collective societal effort involving families and religious leaders is also needed to reduce drug demand.
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