Africa's richest man, Aliko Dangote, has officially confirmed Lamu, Kenya, as the site for his planned Ksh2.59 trillion ($20 billion) East African oil refinery, ending speculation about its location.

• The massive 700,000-barrel-per-day refinery will be East Africa's largest petroleum processing facility.
• Dangote Industries selected Kenya after considering commercial, technical, and logistical factors.
• Construction is expected to take 30 months to three years, with soil testing and design work already underway.