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).