Dangote Considers Kenya for $17 Billion Oil Refinery
Aliko Dangote eyes Kenya for a new 650,000-barrel-a-day refinery. He cited the deep port in Mombasa and the size of the local economy as the primary factors.
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Aliko Dangote plans to build a $17B oil refinery in Kenya to serve East Africa, replicating his 650,000-barrel-a-day facility in Nigeria. The project would end the region's total reliance on refined petroleum imports from the Middle East. Local refining capacity shields East African economies from price spikes caused by geopolitical conflicts.
