Ruto to hold talks with billionaire Dangote in US: Details of the meeting
President William Ruto is set to meet Nigerian billionaire Aliko Dangote in New York as Kenya seeks to advance plans for the Ksh2.2 trillion East Africa Refinery in Lamu, in what could be a key moment for one of the country’s biggest planned private investments. In a press release posted by State House spokesperson Hussein […]
President William Ruto is scheduled to meet with Nigerian billionaire Aliko Dangote in New York, as Kenya aims to advance the Ksh2.2 trillion East Africa Refinery project in Lamu. According to a press release from State House, Ruto will co-chair investment roundtables alongside Dangote, focusing on the 700,000-barrel-a-day refinery project.
The refinery is set to commence construction on September 30, 2026, and is anticipated to generate over 60,000 jobs, bolster regional energy security, and enhance Kenya's role in petroleum processing and industrial development. The project, however, has not been without challenges, such as securing reliable crude supplies and developing necessary infrastructure.
Dangote's Nigerian refinery recently posted a Ksh235.4 billion profit in the first half of 2026, highlighting the potential financial returns of such projects. Despite these positive indicators, the refinery's long-term viability may be influenced by shifting global energy trends, including the growing emphasis on electric mobility and renewable energy sources.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
