Dangote Sets Construction Date for Lamu Oil Refinery, Cuts Project Cost
The refinery is expected to become one of the largest private-sector investments in Kenya and will create thousands of jobs across construction, engineering, and logistics...
✨ Key Highlights
Construction of the proposed Lamu Oil Refinery, backed by Africa's richest man Aliko Dangote, is slated to begin in October 2026. The ambitious project, aimed at boosting energy self-sufficiency in East Africa, has seen its estimated cost revised downwards.
- The refinery will have a processing capacity of 700,000 barrels of crude oil per day.
- Key figure: Aliko Dangote, founder and chairman of Dangote Group.
- The project's cost has been reduced from Ksh2.2 trillion to approximately Ksh2 trillion (or $16 billion).
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Dangote Sets Construction Date for Lamu Oil Refinery, Cuts Project Cost - August 2026
Construction of the proposed Lamu Oil Refinery, backed by Africa's richest man Aliko Dangote, is slated to begin in October 2026. The ambitious project, aimed at boosting energy self-sufficiency in East Africa, has seen its estimated cost revised downwards. International oil prices have seen a significant drop, sparking hopes for lower fuel costs for Kenyan motorists in the upcoming Energy and Petroleum Regulatory Authority (EPRA) review. The Kenya Revenue Authority (KRA) and the Kenya Ports Authority (KPA) are launching a Smart Gate pilot and aiming for 24-hour operations at the Port of Mombasa to enhance cargo clearance efficiency.
