Kenya's Capital Markets Authority (CMA) has issued a warning to investors regarding the Dangote Petroleum Refinery and Petrochemicals IPO, clarifying it has not been approved under Kenyan regulations. This comes after President William Ruto met with Aliko Dangote to discuss a proposed refinery in Lamu.

• The CMA stated the Nigerian refinery's public offer is not under its consideration or approval.
• President William Ruto met with Aliko Dangote, CEO of Dangote Industries, and Samaila Zubairu, CEO of Africa Finance Corporation, to advance the Lamu refinery project.
• The proposed Lamu refinery is estimated at Sh2.2 trillion and aims to process 700,000 barrels of crude oil daily, creating over 60,000 jobs.