Ruto Meets Dangote in New York Over Financing, Final Preparations for Sh2.2tn Lamu Refinery
The proposed refinery, estimated at Sh2.2 trillion, is planned for Lamu and is expected to serve markets across East and Central Africa.
President William Ruto met with Nigerian billionaire Aliko Dangote in New York to discuss financing and final preparations for the proposed Sh2.2 trillion Lamu refinery. The meeting occurred on the sidelines of the 81st United Nations General Assembly and included AFC President and CEO Samaila Zubairu. The refinery, planned for September 30, 2026, is expected to serve markets across East and Central Africa and is set to be the largest in the region, with a processing capacity of 700,000 barrels per day.
Discussions focused on financing arrangements and preparations for the groundbreaking ceremony. Dangote Industries chose Lamu as the location for the refinery in July, ending speculation about its potential site. The project, estimated to require $15 billion to $16 billion in investment, could create about 60,000 jobs and strengthen the strategic importance of the LAPSSET corridor.
The refinery is planned to be fueled by crude supplies from Kenya, Uganda, South Sudan, and other regionally neighboring countries.
Written by urgent.news from Capital FM Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
