Dangote favours Mombasa over Tanzania's Tanga for Sh2tr oil refinery

Africa’s richest man, Aliko Dangote says he is looking at Kenya as the location for a 650,000-barrel-a-day oil refinery he intends to build in East Africa..

✨ Key Highlights

Africa's richest man, Aliko Dangote, is considering Mombasa as the preferred location for his new Sh2 trillion oil refinery, opting against Tanga in Tanzania.

The proposed refinery would have a capacity of 650,000 barrels a day.
The key figure is Aliko Dangote, the Nigerian billionaire and Africa's richest man.
Dangote cited Mombasa's port as being "much larger and deeper" than Tanga's, according to an interview with the Financial Times.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

Video

Wakazi wa Kwa Punda Jomvu walalamikia kutengwa kimaendeleo Mombasa

KTN News (Youtube)

4h ago

Video

Police in Mombasa yet to comment on the mysterious death of a 39-year-old 'mama fua' while on duty

NTV Kenya (Youtube)

17h ago

business19h ago

Dangote eyes Mombasa for multi-billion oil refinery project

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.

Capital Business

📰 Read Full Story

Video

Familia ya Kiembeni yataka uchunguzi wa kifo cha Rachel Opiyo

Citizen TV (Youtube)

20h ago

top23h ago

NEMA Begins Scrutiny of Upcoming Highrise Apartments in Nairobi & Mombasa

The National Environment Management Authority (NEMA) is seeking public input on three significant high-rise development projects proposed for Nairobi and Mombasa. Kenyans have 30 days to submit their comments before any approvals are considered.

Kenyans

📰 Read Full Story