Nigerian billionaire Aliko Dangote has explained why his group settled on Lamu instead of Mombasa or Tanzania’s Tanga for a planned Ksh2 trillion oil refinery, citing the coastal town’s deep waters, available land and suitability for a major petroleum-processing facility. Dangote said the idea for the refinery emerged during discussions with President William Ruto in…
The planned groundbreaking of the Dangote East Africa Refinery in Lamu will proceed amid a court dispute over land claimed by 133 residents who say generations of occupation and community use have been overlooked in preparations for the multibillion-dollar project. The Malindi Environment and Land Court has ordered parties to maintain the existing status quo…
President William Ruto has held talks with Dangote Industries President and CEO Aliko Dangote over the proposed East Africa Refinery in Lamu, as Kenya moves closer to the commencement of the project. In a statement on Monday, September 21, 2026, Ruto announced plans to break ground on the proposed East Africa Refinery in Lamu, saying…
Kenya’s Capital Markets Authority (CMA) has cautioned the public over information circulating about the Dangote Petroleum Refinery and Petrochemicals initial public offering (IPO), saying the share sale is regulated in Nigeria and has not been submitted to the Kenyan regulator for approval. The warning comes as interest grows across Africa in Dangote Refinery’s landmark share…
