Kenya to buy stake in Dangote-fronted oil refinery

Author: Dominic OmondiPublished on: May 13, 2026Country: Kenya

Business & Economy

Kenya to buy stake in Dangote-fronted oil refinery

Kenya will invest in a 650,000-barrel-a-day oil refinery led by Aliko Dangote through the National Infrastructure Fund. The project could cost up to $20 billion. Dangote recently expressed a preference for Kenya as the site for the refinery, following tensions with Tanzania. The project aims to reduce East Africa's reliance on imported refined petroleum products.

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