Nigerian Billionaire Aliko Dangote Proposes a $17 Billion Oil Refinery in Kenya

Aliko Dangote, Africa's richest man, plans to build a 700,000-barrel-per-day oil refinery on Lamu Island in Kenya at an estimated cost of $17 billion. The project aims to address East Africa’s reliance on imported refined fuel and leverage the region’s crude reserves.

By Alex Kimani Wed, July 22, 2026 at 11:00 PM GMT+3 4 min read · Yahoo Finance · July 22, 2026, 20:00 UTC

Nigerian Billionaire Aliko Dangote Proposes a $17 Billion Oil Refinery in Kenya

Topics: African energy investment Kenya development oil refinery

Read the full article at Yahoo Finance

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