Dangote to Launch $20 Billion Refinery in Kenya by 2026

The groundbreaking ceremony for Dangote's East Africa Oil Refinery in Lamu, Kenya, is scheduled for September 30, 2026. This refinery is designed to process up to 700,000 barrels of crude oil daily, potentially positioning it as one of Africa's largest refineries upon completion.

Kenyan authorities are finalizing security and logistical arrangements for the event, which will be led by President William Ruto, with heads of state from across Africa expected to attend. The refinery will be located in the Lamu Special Economic Zone, near a deep-water port, and aims to reduce the region's dependence on imported refined petroleum products.

The project's estimated cost varies, with recent reports suggesting around $17 billion, while Dangote has valued it at up to $20 billion. East African countries have been offered a combined 30% equity stake, with Kenya's stake valued at approximately $500 million.

However, financing and securing a consistent crude supply remain significant challenges, with potential sources including Kenya, Uganda, and South Sudan.