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September 4, 2026
1h ago

Dangote Reveals Date for Ksh2.59 Trillion Lamu Oil Refinery Groundbreaking

Dangote Reveals Date for Ksh2.59 Trillion Lamu Oil Refinery Groundbreaking

Ruto courted controversy earlier this year when he revealed plans for the oil refinery to be built in Tanga during a speech at the Tanzanian Parliament...

✨ Key Highlights

The groundbreaking ceremony for the proposed Lamu Oil Refinery, a project backed by Africa's richest man, Aliko Dangote, is scheduled for September 30. This significant development was confirmed by Dangote during a recent visit to Botswana.

  • The refinery and petrochemical complex is valued at Ksh2.59 trillion ($20 billion).
  • Key players include Aliko Dangote, President William Ruto, and his economic adviser David Ndii.
  • The refinery aims to serve markets across East Africa, with potential crude oil supply estimated at over 600,000 barrels per day from countries like South Sudan, Uganda, and Kenya.

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