Business
Kenya Moves to Take Stake in Dangote's Planned $17bn East Africa Refinery
Kenya's government is in talks to take a minority stake as Dangote narrows down a site for the roughly 700,000-barrel-a-day plant
Kenya's government is in talks to take a minority equity stake in Aliko Dangote's planned $17 billion East Africa refinery, according to reporting by Business Daily Africa. President William Ruto's administration would invest through Kenya's National Infrastructure Fund, positioning the country as the likely host for the project.
The refinery, expected to process up to roughly 700,000 barrels of crude a day, is still being sited: Dangote is weighing Mombasa and Lamu in Kenya against Tanzania's Tanga port, with Mombasa currently favoured for its stronger port infrastructure. The final call, Dangote has said, rests with President Ruto.
It would be Dangote's second mega-refinery on the continent. His Lagos facility, commissioned in 2024 at a cost that grew past $20 billion, processes 650,000 barrels a day and is already being expanded toward 1.4 million barrels a day by 2028. A Kenyan or Tanzanian plant is designed to cut East Africa's reliance on imported fuel, refining crude that could include output from Uganda's oilfields and Kenya's own Turkana County reserves.
Source: Business Daily Africa, Forbes Africa