Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
Dangote’s proposed Lamu refinery could transform Kenya into a major regional petroleum hub. Kenya’s potential $500 million stake raises questions over public money, returns and investment risks. Local jobs, environmental protection and Kenyan participation will be key to determining whether the project delivers lasting value. Kenya could be on the threshold of one of the…
Dangote plans to invest about Ksh2 trillion in a proposed 700,000 barrel per day oil refinery in Lamu, with construction set to begin in October 2026. The project is expected to take four years to complete and will be financed through 30 percent equity and 70 percent debt. The refinery is expected to strengthen Kenya’s…
Kenya edged out Tanzania after Dangote Group weighed a combination of geographical positioning, existing infrastructure and commercial viability Nigerian billionaire Aliko Dangote has settled on Lamu as the site for his long-anticipated East African oil refinery, closing months of uncertainty over whether the multibillion-shilling project would rise on Kenya’s coast or in Tanzania’s port town…
