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Originally published by Capital Businessbusiness
May 10, 2026
12h ago
Dangote eyes Mombasa for multi-billion oil refinery project

The refinery project is estimated to cost between $15 billion and $17 billion and would rank among the largest private energy investments in Africa. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Nigerian billionaire Aliko Dangote is considering a shift for his proposed multi-billion dollar oil refinery project, potentially moving it from Tanzania to Mombasa, Kenya.
- The estimated cost of the refinery is between $15 billion and $17 billion.
- The key figure is Aliko Dangote, with a potential decision to be made after discussions with President William Ruto.
- Mombasa is favored due to its deeper port, existing infrastructure, and larger regional fuel market, potentially reducing East Africa's reliance on imported refined fuels.
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