Dangote Unveils $16 Billion Refinery Project in Kenya
Aliko Dangote, Africa’s richest man, launched a $16 billion refinery project in Lamu County, Kenya, attended by notable African leaders including Kenyan President William Ruto, Ethiopian Prime Minister Abiy Ahmed, Ugandan President Yoweri Museveni, Togolese President Jean-Lucien Savi de Tové, Beninese President Romuald Wadagni, and former Nigerian President Olusegun Obasanjo. The refinery will have a capacity of 700,000 barrels per day and is projected to be the largest in East Africa, creating approximately 60,000 jobs during construction.
The project, developed by Dangote Group, is designed as an integrated industrial complex that includes a 1,000-megawatt power plant and facilities for plastics, fertiliser, and chemical production. Dangote stated that the project aims to reduce Africa's dependence on imported refined petroleum products and is scheduled for completion in 40 months.
A vessel with construction equipment is expected to arrive at Lamu Port in 60 days, with additional equipment already delivered.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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