Veytics Intelligence
2026-09-30 · CO

Africa's richest man to launch Kenya oil refinery despite land protests

Nigerian billionaire Aliko Dangote and Kenya's President William Ruto are set to break ground on a $16bn (£12bn) oil refinery in Lamu, on Kenya's northern coast. Upon completion, the refinery is expected to process 700,000 barrels of crude oil a day, making it East Africa's largest industrial project by capacity. Ahead of the launch, some local residents took to the streets to demand more compensation for land used for the refinery. Speaking to the BBC, Dangote dismissed the protests as games played by local marketers and international players, insisting the refinery would go ahead and would be ready by 2030 as planned. The Lamu refinery is Kenya's largest infrastructure project since independence, surpassing the $5.1bn (£3.

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