African leaders herald $16B Dangote oil refinery in Kenya

African leaders on Wednesday broke ground on a new $16 billion (€14 billion) oil refinery off Kenya's coast. The project is expected to be completed in 40 months, and will process an estimated 700,000 barrels of oil per day. The refinery will be constructed at the coastal town of Lamu. Kenya's President William Ruto, Ugandan President Yoweri Museveni, and Ethiopian Prime Minister Abiy Ahmed were among the leaders who attended an event to celebrate the project, the largest of its kind in East and Central Africa. The refinery "will strengthen regional energy security, reduce reliance on imports and bolster our foreign exchange," Ruto said on social media. "But this is more than a refinery.