Aliko Dangote began construction of a $16 billion oil refinery at Lamu on Kenya’s coast on Wednesday, Sept. 30, with President William Ruto at the ceremony.
The plant is designed to process 700,000 barrels of crude a day, which would make it the largest refinery in East Africa and the second largest in Africa after the one Dangote built at Lekki in Lagos.
He is developing it with the Africa Finance Corporation, the multilateral infrastructure investor, and Kenya’s government expects it to create around 60,000 jobs.
Dangote has offered Kenya more than fuel. He told Ruto in Lagos on Friday that the complex will include a 1,000 megawatt power plant, and that he would sell half that electricity to the Kenyan government.
Dangote has offered Kenya more than fuel. He told Ruto in Lagos on Friday that the complex will include a 1,000 megawatt power plant, and that he would sell half that electricity to the Kenyan government.
 Follow the MoneyCentral Nigeria channel on WhatsApp: Click here!
