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Dangote Starts 16B Kenyan Refinery

Construction begins on a 16 billion dollar Kenyan oil refinery led by billionaire Aliko Dangote. The project aims to lower regional fuel costs and is scheduled for completion by 2030.

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President and Chief Executive Officer of Dangote Group Aliko Dangote speaks during an interview in the Westlands district of Nairobi, Kenya, September 29, 2026. REUTERS/Thomas Mukoya

Nigeria billionaire Aliko Dangote broke ground on a $16B oil refinery in Kenya during a Wednesday morning ceremony. The facility aims to lower East African fuel costs and slash import spending.
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