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Originally published by Capital Business
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business
September 30, 2026
3h ago

Aliko Dangote says he did not know Lamu before refinery project

Aliko Dangote says he did not know Lamu before refinery project

Speaking during the groundbreaking ceremony for the Dangote East Africa Refinery in Lamu County, Dangote said the project was also among the fastest major developments by the group on the continent...

✨ Key Highlights

Nigerian billionaire Aliko Dangote revealed he was unaware of Lamu until May this year when his group considered it for a major oil refinery project. The groundbreaking for the Dangote East Africa Refinery in Lamu County marks one of the group's fastest major developments.

  • The refinery will have a processing capacity of 700,000 barrels of crude oil per day, making it the largest in East Africa.
  • Key parties involved include Aliko Dangote and President William Ruto, with the project undertaken by the Dangote Group.
  • The estimated cost for the refinery is Sh2 trillion, with approximately 70% to be financed through debt.

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