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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Kenya, France sign 11 deals on rail, ports, energy and digital economy - May 2026
Kenya and France have signed 11 agreements to boost cooperation in key sectors including transport, energy, and the digital economy. The deals were finalized at State House Nairobi following discussions between President William Ruto and President Emmanuel Macron. 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 National Assembly has initiated public consultation on the Finance Bill 2026, which proposes significant tax changes across various sectors.
