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August 21, 2026
1h ago

Dangote Offers Kenya Stake in Lamu Refinery, Sets Construction Dates

Dangote Offers Kenya Stake in Lamu Refinery, Sets Construction Dates

Several East African nations have also expressed their willingness to invest in the project, with the government eyeing a major job boost for thousands of Kenyans...

✨ Key Highlights

Africa's richest man, Aliko Dangote, is expected to break ground on a proposed $20 billion refinery and petrochemical complex in Kenya in September, with East African countries offered a 30% equity stake.

  • The total regional equity stake is valued at $1.5 billion, with Kenya offered 10%.
  • The project involves Dangote Group and is a replica of his Nigerian refinery.
  • Key figures like President William Ruto’s economic adviser David Ndii confirmed details, highlighting potential regional crude production from South Sudan, Uganda, and Kenya.

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