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Originally published by Capital Business
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business
July 11, 2026
3h ago

Tanzanian billionaire Dewji to invest Sh12.9bn in Lamu’s oil refinery

Tanzanian billionaire Dewji to invest Sh12.9bn in Lamu’s oil refinery

Dewji's announcement comes after Dangote Group early this week picked Kenya's Lamu County for the proposed Sh2.2 trillion oil refinery...

✨ Key Highlights

Tanzanian billionaire Mohammed Dewji has committed a substantial investment of $100 million (Sh12.9 billion) towards Aliko Dangote's planned oil refinery in Lamu, Kenya.

  • $100 million (Sh12.9 billion) is the investment pledge.
  • Mohammed Dewji, Tanzania's richest businessman, and Aliko Dangote's Dangote Group are the key entities involved.
  • The refinery, slated for Lamu County, will be East Africa’s largest with a capacity to process 700,000 barrels of crude oil daily.

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