Africa's richest man, Aliko Dangote, through Dangote Group, is set to build a major 700,000-barrels-per-day (bpd) oil refinery in Lamu, Kenya, a move described as a significant boost for East Africa.

• The project is estimated to cost nearly Sh2.2 trillion.
• The refinery will be built by Dangote Industries Limited, a subsidiary of Dangote Group.
• The site was chosen over Tanzania due to Kenya's superior infrastructure and market considerations, and construction is expected to take three to five years.