Dangote says refinery ready to overcome Kenyan legal hurdles
Aliko Dangote has downplayed a Kenyan court order halting construction at his planned Lamu refinery, describing such legal challenges as routine in Africa. Read More: https://punchng.com/dangote-says-refinery-ready-to-overcome-kenyan-legal-hurdles/
Africa's wealthiest individual, Aliko Dangote, has dismissed a Kenyan court injunction temporarily suspending construction activities at the site of his proposed multi-billion-dollar oil refinery in Lamu. The billionaire emphasized that such legal hurdles are commonplace on the continent. Dangote, who spoke at a high-level investor engagement in Nairobi, revealed he learned of the court order the day after it was issued.
He has previously faced similar challenges in Senegal, where his factory was halted for a year and later overturned in the Supreme Court. The Kenyan court's decision to halt the refinery construction was based on a petition by farmers and residents of Chandavai, alleging forceful eviction and damage to their properties. Dangote Group stated that the injunction has not halted the planned groundbreaking ceremony for the refinery, though site activities could be impacted pending further proceedings.
The refinery, slated for groundbreaking on Wednesday, is expected to serve the East African market with a 70% stake held by Dangote Group, with regional governments contributing the remainder.
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