Plus234Feed

Dangote Group Moves Forward with $16B Kenya Refinery Launch

Business
Legit.ng
Dangote Group Moves Forward with $16B Kenya Refinery Launch

The Dangote Group is set to launch its $16 billion oil refinery in Lamu County, Kenya, on September 30, despite a court order from the Malindi Environment and Land Court that restricts activities on disputed land until October 14. The court's ruling preserves the status quo on the land identified as LR No. 13061, which is at the center of a dispute involving 133 residents claiming rights to the property.

Although the court did not halt the groundbreaking ceremony, it acknowledged that some activities at the site could be affected. Aliko Dangote, president of the Dangote Group, expressed readiness to defend the company's interests legally, referencing a previous successful court case in Senegal.

Kenyan President William Ruto is expected to attend the ceremony, indicating government support for the project, which aims to process 700,000 barrels of crude oil per day and is part of Dangote's broader African expansion strategy, targeted for completion by 2030.

Plus234Feed summary based on reporting from Legit.ng. Read the original report below.

Read full article

Continue on Legit.ng

Visit
Share

Get the week in one email

Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.

Free · one email per week · unsubscribe anytime

Related Stories

Get Plus234Feed on messaging apps

Same headlines, delivered where you already scroll.