Aliko Dangote offers Kenya a $500 million stake in $20 billion Lamu refinery as September groundbreaking nears

Billionaires Africa | 21.08.2026 19:46
Aliko Dangote has offered the Kenyan government a 10% stake worth approximately $500 million in his planned $20 billion oil refinery at Lamu, with East African neighbors Ethiopia and Rwanda also being invited into a combined 30% regional shareholding valued at $1.5 billion, as the project moves toward a September groundbreaking target.
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