The refinery, targeting 700,000 barrels per day capacity, aims to serve Kenya and five neighboring nations.
Dangote Group has proposed a 30% equity stake in its planned $17 billion refinery in Kenya to East African countries. The facility, set for Lamu Island, is designed to process up to 700,000 barrels of crude daily, serving regional demand.
The project, led by Africa’s wealthiest individual, Aliko Dangote, targets Kenya, Uganda, South Sudan, Rwanda, Burundi, and the Democratic Republic of Congo. No prior refinery of this scale has been announced in the region, with costs aligning with global mega-refinery benchmarks.
Details on funding, timelines, or market reactions remain undisclosed.