Africa’s richest man, Aliko Dangote, is considering using Mombasa port as the site for his proposed giant new refinery. …
Dangote favours Mombasa over Tanzania's Tanga for Sh2tr oil refineryKenya Minute.
Monday, 11 May 2026
Kenya’s news, on the hour · Est. 2026
Monday, 11 May 2026
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Kenyan press · Person
Aliko Dangote
Also known as: Africa's richest man · Nigerian businessman Aliko Dangote · Nigerian billionaire industrialist Aliko Dangote
Nigerian billionaire proposing a 650,000-barrel-a-day oil refinery for East Africa, considering Mombasa or Tanga as location.
In coverage
Verbatim sentences from the source article.
- May 2026
Africa’s richest man Aliko Dangote is considering using Kenya as a base to raise fresh capital from African investors for his sprawling industrial empire, including his giant new refinery, he said in a conversation with the head of the International Finance Corporation (IFC). …
Dangote eyes Kenya as hub to raise African capital for refinery, other projects… Samia said she had not been consulted before Ruto floated the project at the Africa Infrastructure Summit in Nairobi on April 23, alongside Uganda's President Yoweri Museveni and Nigerian billionaire Aliko Dangote. …
Kenya risks losing its diplomatic standing, analyst warns… enya, Uganda and Tanzania, jobs will remain here, we should produce fertilizer here, plastic here, instead of going to the Straight of Hormuz and bringing it here." He said, referring to the Africa We Build Summit 2026 held in April, 2026, where Nigerian businessman Aliko Dangote …
Ruto banks on Tanga oil refinery to end dependence on Middle East… The mega oil project is expected to involve Uganda and business interests linked to Nigerian billionaire industrialist Aliko Dangote, who promised to build an oil refinery in the region. …
Diplomatic blunder as Suluhu openly reprimands Ruto over 'Tanga refinery' gaffe… The dispute arose after Ruto, alongside Ugandan President Yoweri Museveni and Nigerian billionaire Aliko Dangote, backed plans for a 650,000-barrel-per-day refinery in Tanga during the Africa We Build Summit 2026 in Nairobi on April 23. …
Ruto defends Tanga refinery plan after Samia says she was kept in the dark… Samia pressed Ruto to explain himself after he had, alongside Ugandan President Yoweri Museveni and Nigerian billionaire Aliko Dangote, publicly backed a plan to build a 650,000-barrel-per-day oil refinery in Tanga, a port city in northeastern Tanzania, during the Africa We Build …
'Why didn't you tell me about my own refinery?' Samia confronts Ruto… Aliko Dangote has spoken about how inefficiencies in financial and regulatory systems continue to affect African enterprise, even at scale. …
Why local exporters are losing money amid regional expansion- April 2026
… The refinery has received support from Africa’s richest man, Aliko Dangote, who said he’s willing to put his money in such a venture. …
We can emulate our neighbours in Tanzania… One possible part of the solution was announced at the summit where Africa's richest man, Aliko Dangote, told Kenya's William Ruto and Uganda's Yoweri Museveni that he would build a refinery in east Africa similar to his huge complex in Nigeria. …
Africa faces 86 million tonne fuel shortfall by 2040: report
Business
Dangote considers Mombasa for 650,000-barrel-a-day oil refinery
The News
Nigerian billionaire Aliko Dangote is considering Kenya's Mombasa port as the location for a proposed 650,000-barrel-a-day oil refinery in East Africa, according to an interview with the Financial Times.
11 May 2026 · The Standard →
Sunday 10 May
Dangote considers Mombasa for 650,000-barrel-a-day oil refinery
Nigerian billionaire Aliko Dangote is considering Kenya's Mombasa port as the location for a proposed 650,000-barrel-a-day oil refinery in East Africa, according to an interview with the Financial Times.
11 May 2026 · The Standard →
Wednesday 6 May
Dangote considers Kenya base to raise African capital for refinery
Africa's richest man Aliko Dangote is considering using Kenya as a base to raise fresh capital from African investors for his industrial empire, including his new refinery. He outlined plans to create an investment vehicle in Kenya that would allow African savers to pool funds and invest in Dangote Group companies.
7 May 2026 · The Standard →
Analyst warns Kenya risks isolation through unilateral foreign policy
Foreign policy analyst Ahmed Hashi has accused President Ruto's administration of making unilateral foreign policy decisions that risk isolating Kenya from regional allies, citing recent diplomatic incidents with Tanzania and France. The criticism followed Ruto's announcement of a proposed regional oil refinery in Tanga without consulting Tanzania's President Samia Suluhu Hassan beforehand.
7 May 2026 · The Standard →
Monday 4 May
Ruto urges East Africa to build Tanga oil refinery
President William Ruto addressed Tanzania's National Assembly, calling on regional leaders to support a proposed oil refinery in Tanga, Tanzania, to reduce East Africa's dependence on Middle Eastern oil supplies and retain jobs through local production of refined products.
5 May 2026 · Citizen Digital →
Suluhu publicly rebukes Ruto over unannounced Tanga refinery plans
President Ruto was forced to clarify remarks on a proposed oil refinery in Tanga, Tanzania, after President Samia Suluhu publicly questioned his announcement of the project during a Kenya-Tanzania Business Forum in Dar es Salaam on May 4, 2026, saying he announced it without her government's knowledge.
5 May 2026 · Citizen Digital →
Ruto defends Tanga refinery plan amid consultation dispute with Tanzania
President William Ruto defended his announcement of a proposed 650,000-barrel-per-day oil refinery in Tanga, made alongside Ugandan President Yoweri Museveni and Nigerian billionaire Aliko Dangote at the Africa We Build Summit 2026 in Nairobi, after Tanzanian President Samia Suluhu Hassan said she was not consulted on the plan. Ruto characterized the proposal as a product of broader regional consultations aimed at industrializing the region using its resources.
5 May 2026 · The Standard →
Sunday 3 May
Tanzania's Samia rebukes Ruto over unannounced Tanga refinery plan
Tanzanian President Samia Suluhu Hassan publicly confronted Kenyan President William Ruto in Dar es Salaam over his announcement of a 650,000-barrel-per-day oil refinery planned for Tanga, saying she was not informed beforehand. Ruto, alongside Ugandan President Yoweri Museveni and Nigerian billionaire Aliko Dangote, had unveiled the refinery plan at the Africa We Build Summit 2026 in Nairobi on April 23, describing it as an East African regional project to process crude from multiple countries.
4 May 2026 · The Standard →
Saturday 2 May
Kenyan exporters lose value through costly payment processes
An opinion piece argues that while Kenyan firms are expanding into regional markets, many lose profitability due to slow, fragmented payment systems rather than inability to sell. Exporters can lose between five and 10 per cent of transaction value through foreign exchange spreads, intermediary fees, and settlement delays, with the impact particularly severe for small and medium enterprises.
3 May 2026 · The Standard →
Saturday 25 April
Kenya should learn from Tanzania's business and wealth approach
An opinion piece argues that Tanzanians build successful multinational companies and invest across borders—including US$180 million and US$130 million by Amsons Group and Taifa Gas in Kenya's cement and energy sectors—and contrasts their quiet approach to wealth with Kenya's social-media-driven display culture.
26 April 2026 · The Standard →
Thursday 23 April
Africa faces 86 million tonne fuel shortfall by 2040
The Africa Finance Corporation warned that Africa's fuel import gap will widen to 86 million tonnes by 2040, exposing the continent's vulnerability to supply shocks. At a Nairobi summit, Aliko Dangote offered to build an east African refinery if supported by Kenya and Uganda, and regional leaders called for Africa to reduce reliance on external capital and finished-goods imports.
24 April 2026 · Citizen Digital →