Dangote Took ‘Reckless’ Risk To Build World-Class Refinery, Now Kenya Wants Same In Lamu –President Ruto

Live updates

1. 49m ago

   Kenya Breaks Ground on $16B Dangote Oil Refinery in Lamu

   Kenyan President William Ruto and African heads of state broke ground on Wednesday for the new $16 billion Lamu Oil Refinery, undertaken by billionaire Aliko Dangote. President Ruto praised Dangote for taking a "reckless" risk to build his previous facility in Lagos, stating Kenya aims to replicate that industrial ambition. The massive project is designed to boost energy security, regional integration, and industrialisation, while creating 60,000 jobs. The launch took place amid land protests in Lamu, with Ruto pledging that the local region will not be left behind.

   Why it matters

   The Lamu project is part of Aliko Dangote's broader goal to expand and help industrialise Africa by 2030. President Ruto previously toured Dangote's 700,000-barrel-per-day refinery in Lagos ahead of the Kenyan groundbreaking. The initiative also involves US firm Honeywell providing support for the mega-refinery development.

   What is confirmed

   • Kenyan President William Ruto praised Nigerian billionaire Aliko Dangote for taking a "reckless" risk to build a world-class refinery in Lagos.
   • African heads of state broke ground on Wednesday for the $16 billion Lamu Oil Refinery project.
   • The Lamu oil refinery project is planned to create 60,000 jobs.
   • President William Ruto toured Dangote's 700,000-barrel-per-day refinery in Lagos ahead of the Lamu groundbreaking.

   Still unconfirmed

   • Aliko Dangote is eyeing US investors ahead of the groundbreaking for the refinery project.

   What to watch next

   • Progress on administrative processes fast-tracked by the Kenyan government for the Lamu refinery
   • Further involvement and announcements regarding US firm Honeywell and other investors in the project
   • Developments regarding the land protests in Lamu surrounding the refinery's construction
   Sources used for this update (15)

   1. AP News — African heads of state break ground for $16B oil refinery project
   2. Sahara Reporters — Dangote Took ‘Reckless’ Risk To Build World-Class Refinery, Now Kenya Wants Same In Lamu –President Ruto
   3. BBC — Aliko Dangote launches Kenya oil refinery amid land protest in Lamu
   4. Reuters — Honeywell to help build Dangote's new Kenyan mega-refinery
   5. Business Insider Africa — Africa’s richest man picks US firm Honeywell for $300 million Kenya refinery deal
   6. Daily Nation — Ruto, Dangote and four Presidents: Lamu refinery puts East Africa’s oil plans to test
   7. africa.businessinsider.com — Meet Samaila Zubairu, the former Dangote executive and AFC boss who helped connect Kenya with Africa’s wealthiest man for a $17bn refinery
   8. AP News — Nigerian billionaire eyes US investors ahead of groundbreaking for $16B Kenya refinery
   9. dw.com — African leaders herald $16B Dangote oil refinery in Kenya
   10. saharareporters.com — Dangote Took ‘Reckless’ Risk To Build World-Class Refinery, Now Kenya Wants Same In Lamu –President....
   11. www.bbc.com — Aliko Dangote launches Kenya oil refinery amid land protest ...
   12. www.forbesafrica.com — Dangote's Planned Kenya Refinery To Create 60,000 Jobs, Ruto ...
   confidence 100%