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Originally published by Capital News
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September 30, 2026
2h ago

Ruto: Govt to Deploy Assets, Infrastructure Fund for Sh2.2tn Lamu Refinery Investment

Ruto: Govt to Deploy Assets, Infrastructure Fund for Sh2.2tn Lamu Refinery Investment

Ruto said the government would participate directly in the ownership of the refinery, which is being developed by Nigerian billionaire Aliko Dangote...

✨ Key Highlights

President William Ruto has announced that the Kenyan government will invest in the proposed Sh2.2 trillion Lamu oil refinery project.

  • The government plans to deploy public assets and utilize the National Infrastructure Fund for the investment.
  • Key parties involved include President William Ruto and Nigerian billionaire Aliko Dangote, the refinery's developer.
  • The refinery, planned for Lamu, aims for a processing capacity of up to 700,000 barrels of crude oil per day and is expected to create approximately 60,000 jobs.

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