Dangote picks Lamu for Sh2.2tn oil refinery project
According to Bloomberg, the planned facility will have the capacity to process 700,000 barrels of crude oil per day, making it the largest refinery in East Africa and the second largest on the continent after Dangote's refinery in Lagos, Nigeria...
✨ Key Highlights
Africa's richest man, Aliko Dangote, has chosen Lamu County, Kenya, as the site for a proposed Sh2.2 trillion oil refinery. This massive project aims to significantly boost East Africa's petroleum processing capacity.
- The facility is slated to process 700,000 barrels of crude oil per day, making it the largest in East Africa.
- The project is spearheaded by Aliko Dangote, founder of Dangote Group.
- Construction is anticipated to take approximately five years, with the refinery intended to serve neighboring countries and reduce regional reliance on imported refined petroleum products.
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Dangote picks Lamu for Sh2.2tn oil refinery project - July 2026
Africa's richest man, Aliko Dangote, has chosen Lamu County, Kenya, as the site for a proposed Sh2.2 trillion oil refinery, a massive project aimed at significantly boosting East Africa's petroleum processing capacity. Saudi Arabia's Mabani Aljazeera Holding Group has acquired a minority stake in the Jabali Towers mixed-use development at Tatu City, signaling growing foreign investment in Kenya's real estate sector. Separately, Kenya Electricity Transmission Company is reviving private power transmission deals worth up to KSh65 billion just months after the collapse of the controversial Adani deals.
