Dangote targets Mombasa for a $17 billion refinery in East Africa

Nigerian billionaire Aliko Dangote plans to establish a 650,000 barrels per day oil refinery in Mombasa, Kenya, with an estimated cost between $15 and $17 billion. Initially, the Tanzanian port of Tanga was considered, but Dangote shifted his preference to Mombasa, deemed more economically viable. The final decision rests with Kenyan President William Ruto, and a formal agreement among several regional governments is required to move forward with the project.