Nigerian billionaire Aliko Dangote wins Kenya case over $16 billion refinery
A Kenyan tribunal has dismissed a consumer group's challenge to Nigerian billionaire Aliko Dangote's planned $16 billion oil refinery in the coastal county of Lamu.
Skip to content
A Kenyan tribunal has dismissed a consumer group's challenge to Nigerian billionaire Aliko Dangote's planned $16 billion oil refinery in the coastal county of Lamu.
Nigerian billionaire Aliko Dangote’s planned $16 billion Kenya refinery has received a second shipment of 154 pieces of machinery at Lamu Port.
Pressure is building in Kenya for the government to publish the terms of Aliko Dangote's $16 billion Lamu refinery, including taxpayers' share.
William Ruto toured Aliko Dangote's Lekki refinery on Sept. 25, five days before breaking ground on a $17 billion Kenyan refinery at Lamu.
Aliko Dangote has hired Engineers India, the firm behind his Lagos refinery, on a $450 million contract to manage construction of his $16 billion Kenya plant.
Construction of the $17 billion East Africa Refinery at Lamu starts Sept. 30, while Dangote Cement has ruled out a Kenyan plant over limestone.
Aliko Dangote breaks ground at Lamu on Sept. 30 on a 700,000-barrel refinery, in a country with no commercial oil production.
Aliko Dangote has offered Kenya a $500 million stake in his planned $20 billion Lamu oil refinery, with groundbreaking now targeted for September as East African governments weigh their participation.
Aliko Dangote will fund 70 percent of his $16 billion Lamu refinery with debt and says it needs protection from cheap imports.