Construction of $15B Dangote-backed refinery set for next week
Construction of the multi-billion dollar East Africa Refinery in Lamu County is set to kick off next week with the groundbreaking ceremony led by President William Ruto. Deputy President Prof Kithure Kindiki has made the announcement saying the commissioning construction of the project will also involve regional heads of state for the $15 billion (Ksh […] The post Construction of $15B…
The multi-billion dollar East Africa Refinery project in Lamu County, Kenya, is set to commence construction next week, according to Deputy President Prof Kithure Kindiki. The $15 billion (Ksh 1.94 billion) refinery, a collaboration with Nigerian billionaire Aliko Dangote, will involve regional heads of state in its commissioning.
Kindiki emphasized the significance of the project, stating it will secure petrochemical supply for Kenya and the region, create 50,000 jobs, and empower the communities in Lamu and the coastal area. The announcement was made after President William Ruto met with Dangote Industries CEO Aliko Dangote at the United Nations General Assembly (UNGA).
President Ruto highlighted the refinery's potential to enhance energy security, promote local value addition, generate jobs, and advance Kenya's industrialization agenda. The project is expected to contribute to Kenya's own oil production ambitions, as commercial oil production is anticipated to commence by December of the same year.
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