Ruto: Lamu refinery project to attract Ksh908B foreign direct investment
Kenya has agreed with Aliko Dangote to invest in a pipeline linking Lamu to Turkana, enabling the country to transport its crude oil to Lamu, President William Ruto has said...
✨ Key Highlights
President William Ruto announced that the Lamu refinery project is expected to attract between $6 billion and $7 billion (Ksh778B - Ksh908B) in foreign direct investment (FDI) next year. This investment is linked to a new pipeline project to transport crude oil from Turkana to Lamu.
- The project anticipates attracting Ksh908B in foreign direct investment.
- Key partners include President William Ruto and Aliko Dangote.
- The government has secured 9,000 acres in Lamu for the facility, with plans for a 5,000-acre Special Economic Zone.
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Ruto: Lamu refinery project to attract Ksh908B foreign direct investment - October 2026
President William Ruto announced that the Lamu refinery project is expected to attract between $6 billion and $7 billion (Ksh778B - Ksh908B) in foreign direct investment next year. This investment is linked to a new pipeline project to transport crude oil from Turkana to Lamu. Kenya is set to begin extracting and transporting crude oil from Turkana before December as part of the nation's strategy to secure domestic supplies for the planned Lamu refinery. Moreover, President Ruto has assured Lamu residents that no one will be displaced from the main site for the proposed oil refinery, stating the government has secured the land and will manage any compensation. He also explained the strategic rationale behind choosing Lamu as the location for the proposed Dangote refinery. Additionally, President Ruto has downplayed fears of regional rivalry over oil refinery projects in East Africa, stating that the growing demand for petroleum products can support multiple facilities.
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