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Dangote Group Offers East Africa 30% Stake in Planned Kenyan Refinery: Official

Dangote Group Offers East Africa 30% Stake in Planned Kenyan Refinery: Official

Sputnik Africa

Dangote Group Offers East Africa 30% Stake in Planned Kenyan Refinery: OfficialEast African countries are offered $1.5 billion in equities, with Kenya’s share... 21.08.2026, Sputnik Africa

2026-08-21T20:52+0200

2026-08-21T20:52+0200

2026-08-21T21:04+0200

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Dangote Group Offers East Africa 30% Stake in Planned Kenyan Refinery: OfficialEast African countries are offered $1.5 billion in equities, with Kenya’s share worth about $500 million, Kenyan president's economic advisor David Ndii said at a capital markets forum in Nairobi.The facility will process 600,000 barrels of crude daily from Kenyan and Ugandan oil fields, according to the official.The project is expected to inject around $4 billion annually into Kenya's economy, added Ndii, potentially boosting the country's GDP by up to 10%. The Dangote Group has recently announced plans to build a 700,000-barrel-per-day refinery in Kenya, modeled on his massive Nigerian refinery, to help strengthen East Africa’s energy security.Subscribe to @sputnik_africa Sputnik Africa | X

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