… Earlier, during a meeting with Dangote Industries President and CEO Aliko Dangote and Africa Finance Corporation (AFC) CEO Samaila Zubairu, President Ruto affirmed that Kenya will on Wednesday next week launch the groundbreaking of the East Africa Refinery in Lamu, a project he s …
… Speaking on the sidelines of the ongoing United Nations General Assembly in New York, Ruto said Kenya will on Wednesday, September 30, host the groundbreaking ceremony for the refinery, which is being developed in partnership with Dangote Industries and the Africa Finance Corpora …
… Dangote Industries has offered East African countries a combined 30 per cent stake in the refinery and associated project, with Kenya offered a 10 per cent stake valued at about Sh64.7 billion ($500 million). …
… Dangote Industries President and CEO Alhaji Aliko Dangote emphasised the need for African countries to eliminate barriers which limit free movement of people, goods and services within the region. …
… Dangote Industries selected Lamu as the location for its proposed East African refinery in July, ending speculation that the facility could be built in Tanzania or elsewhere in the region. …
Audio By VocalizePresident and CEO of Dangote Industries, Alhaji Aliko Dangote on the sidelines of UNGA in New York, USA, to discuss the financing and final preparations for commencement of the project on September 21, 2026. …
… Dangote Industries has set September 30 for the groundbreaking of the planned Sh1.95 trillion ($15 billion) oil refinery in Lamu, Kenya, with construction expected to take about three years. …
… It is against this backdrop that Dangote Industries and the Government of Kenya deserve commendation for taking the bold and timely decision to establish the Lamu Refinery. …
… According to Dangote Industries, the project is already advancing, with the site identified in Lamu, soil testing underway and engineering and design works having commenced. …
… The massive refinery -- similar to Dangote's sprawling complex in Nigeria -- will be based in Lamu, an island off the coast of Kenya, Edwin Devakumar, the vice president in charge of oil and gas at Dangote Industries Limited, told AFP. …
President William Ruto called for foundational change in global finance and international governance at the Kenya-European Union Partnership for Multilateralism Summit during the UN General Assembly, stating that Africa has sufficient domestic savings that are not being effectively utilised for development and criticising the selective application of international law.
President William Ruto called for foundational change in global finance and international governance at the Kenya-European Union Partnership for Multilateralism Summit during the UN General Assembly, stating that Africa has sufficient domestic savings that are not being effectively utilised for development and criticising the selective application of international law.
President William Ruto has praised the planned East Africa Refinery in Lamu, saying it will strengthen regional energy security and support industrialisation. Kenya will host the groundbreaking ceremony on September 30, with the refinery being developed in partnership with Dangote Industries and the Africa Finance Corporation.
Deputy President Kithure Kindiki says final preparations are underway for the groundbreaking ceremony of the proposed Lamu Oil Refinery, to be led by President William Ruto with several East African heads of state expected to attend. The refinery is projected to process 700,000 barrels of crude oil per day, create more than 50,000 jobs, and become East Africa's largest refinery once completed in about three years.
President William Ruto stated that Africa has sufficient capital to transform the continent, with non-bank domestic capital pools exceeding $2 trillion and pension and insurance assets crossing $1 trillion, but the real problem is the set of rules governing where capital is allowed to be invested. He argued that Africa lacks organised investment and risk-sharing architecture rather than actual capital.
President William Ruto met Nigerian billionaire Aliko Dangote in New York to discuss financing and final preparations for the proposed East Africa Refinery in Lamu, estimated at Sh2.2 trillion, with a planned groundbreaking in September 2026. The refinery is planned to have a processing capacity of 700,000 barrels per day and would serve markets across East and Central Africa.
Kenya's Capital Markets Authority warned investors that the Nigerian Dangote Petroleum Refinery and Petrochemicals IPO has not been submitted for approval under Kenya's regulatory framework. The warning followed President William Ruto's announcement that Kenya is ready to break ground on the proposed East Africa refinery in Lamu.
Dangote Industries has confirmed a September 30 groundbreaking date for a planned Sh1.95 trillion oil refinery in Lamu, with construction expected to take about three years, as Kenya also advances plans for commercial oil production in Turkana by December.
An opinion piece argues that the Lamu Refinery—now in implementation with government commitments fulfilled and financing secured—is a strategic investment that will strengthen regional energy security, unlock the LAPSSET Corridor, and position Kenya as East Africa's gateway for energy, trade and manufacturing.
Environmental lobby group Greenpeace Africa has opposed plans for a 700,000-barrel-per-day oil refinery in Lamu County by Nigerian industrialist Aliko Dangote, warning it could damage East Africa's coastal ecosystems and lock Kenya into fossil fuel dependence. The project, which President William Ruto says would create about 60,000 jobs, has already begun site identification and engineering works in Lamu.
African billionaire Aliko Dangote will construct a 700,000-bpd East African oil refinery in Lamu, Kenya, taking around 30 months to build, according to a senior Dangote Industries official. Tanzania was also considered for the project before Dangote selected Kenya's island location.