Kenya ready to break ground on Dangote’s oil refinery, Ruto says
Kenyan President William Ruto announced that construction on the Sh2.2 trillion East Africa oil refinery in Lamu is set to begin on September 30. The project, backed by Nigerian billionaire Aliko Dangote and the Africa Finance Corporation, aims to boost regional energy security and industrialization.
Why it matters
The refinery represents a massive infrastructure investment that could significantly alter the energy landscape and industrial capacity of the East African region.
President William Ruto with the President and CEO of Dangote Industries, Alhaji Aliko Dangote, and the CEO of the Africa Finance Corporation (AFC), Samaila Zubairu, following talks on the financing and final preparations for the East Africa refinery project in Lamu, on the sidelines of the United Nations General Assembly in New York, USA/PCS
President William Ruto has said Kenya is ready to break ground on the East Africa refinery in Lamu, a project he says will boost regional energy security and support industrialisation.
Ruto said he held talks with Dangote Industries President and CEO Aliko Dangote and Africa Finance Corporation (AFC) CEO Samaila Zubairu on the sidelines of the United Nations General Assembly in New York.
The discussions focused on financing and final preparations for the commencement of the project.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in