Dangote Kicks Off $17bn Mega-Refinery Project in Kenya
Dangote Industries has begun site works on a $17bn, 700,000-barrel-per-day refinery in Lamu, Kenya. Soil tests are under way and design work is in progress ahead of construction. The plant is expected to take about three years to complete. It will supply refined products to Kenya and neighbouring markets, cutting East Africa’s reliance on imports. This will be Dangote Group’s largest refining investment outside Nigeria. The company plans to boost its total refining capacity to 2.1 million barrels per day across Africa using internal cash, bonds and IPO proceeds.
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