Dangote Group Confirms $17 Billion Kenya Refinery Site in Lamu

en.Wedoany.com Reported - Dangote Group has confirmed that its proposed 700,000 barrels per day Kenya refinery will be located in Lamu. The facility, estimated to cost $17 billion, will be funded through internal cash flow, bond issuances, and a planned initial public offering. Once completed, it will supply refined petroleum products to Kenya and neighboring East African markets.

Following the site selection, soil testing is underway, and design and engineering work have commenced. Construction is expected to take approximately three years. Kenyan President William Ruto has set a groundbreaking date and instructed Deputy President Kithure Kindiki to chair a joint government-private sector committee to coordinate matters related to the investment.

The project will become the largest refinery in East Africa and Dangote Group's biggest investment outside Nigeria. This move will help position Kenya as a regional supply hub, serving markets such as Uganda, Rwanda, and Burundi, while reducing dependence on imported petroleum products. Uganda is also developing a government-funded 60,000 barrels per day refinery in Hoima, which will source crude oil from the Uganda-Tanzania East African Crude Oil Pipeline, with production expected to begin in 2029.