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Originally published by Capital Newstop
September 21, 2026
15h ago
Ruto Meets Dangote in New York Over Financing, Final Preparations for Sh2.2tn Lamu Refinery

The proposed refinery, estimated at Sh2.2 trillion, is planned for Lamu and is expected to serve markets across East and Central Africa...
✨ Key Highlights
President William Ruto met with Nigerian billionaire Aliko Dangote in New York to finalize preparations and discuss financing for the proposed Sh2.2 trillion Lamu refinery. The meeting occurred on the sidelines of the 81st United Nations General Assembly.
- The refinery, planned for Lamu, is estimated to cost between $15 billion to $16 billion.
- Key players involved include President William Ruto, Aliko Dangote, and Africa Finance Corporation (AFC).
- The groundbreaking ceremony for the refinery is scheduled for September 30, 2026.
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