- Rwanda explores a stake in Dangote’s proposed Lamu refinery.
- Kenya has reportedly been offered a 10% equity stake.
- The project could become East Africa’s biggest energy investments.
Rwanda has entered preliminary discussions over a potential stake in the proposed Dangote oil refinery in Lamu, as East African countries weigh participation in the multibillion-shilling project.
Rwandan President Paul Kagame confirmed that talks are underway but said negotiations remain at an early stage, with details yet to be finalised.
The development follows reports that Kenya has been offered a 10 percent equity stake valued at about Ksh 65 billion in the planned refinery. Rwanda and Ethiopia have also been invited to participate in a broader regional equity allocation.
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The proposed refinery is expected to have a capacity of up to 700,000 barrels of crude oil per day and serve markets across East Africa, including Kenya, Uganda, Rwanda, Ethiopia and South Sudan.
For Kenya, the proposed investment would give the country an ownership position in a major energy project planned for Lamu, while Rwanda’s interest signals the wider regional significance of the proposed facility.
The project is estimated at about $16 billion (roughly Ksh 2.1 trillion) for the refinery, with the wider infrastructure and petrochemical development expected to cost more.
The talks now put Rwanda alongside Kenya and Ethiopia as potential regional equity partners in what could become one of East Africa’s biggest energy investments.
By Khayoyo Ian
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