Why Dangote refinery matters for Kenya

Author: Tobias AlandoPublished on: October 19, 2026Country: Kenya

Business & Economy

Tobias Alando, chief executive of the Kenya Association of Manufacturers, describes manufacturing as a key driver of formal employment and economic growth in the country. He calls the groundbreaking of the East Africa Oil Refinery by Nigerian business magnate Aliko Dangote a landmark moment for Kenya. The project is valued at $16 billion, or approximately Sh2.2 trillion, and is the country’s largest single investment since independence.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Nigeria Customs Seeks Review of N1.68tn in Import Duty Waivers

Business & EconomyNigeria

Adeola Badru•1h ago

Nigeria Customs Seeks Review of N1.68tn in Import Duty Waivers

Nigeria Customs chief Bashir Adeniyi called for a review of import duty concessions granted in 2024 and valued at N1.68 trillion, to assess whether they meet their economic aims or unnecessarily deprive the government of revenue. Speaking at a lecture at the University of Ibadan, he said Customs collected N7.28 trillion in 2025, exceeding its target, and about N4.03 trillion in the first half of 2026. Adeniyi said the Service would pursue its 2026 revenue target through compliance, digitalisation and action against trade fraud without obstructing legitimate commerce. He also noted that import duties contribute to the Federation Account, which is shared among Nigeria’s three tiers of government.

NewsBoulevard

Business & EconomyKenya

kenyans.co.ke•1h ago

Treasury Gives Progress Update on Nairobi-Mombasa Expressway Project

The Treasury gave an update on the Nairobi-Mombasa Expressway project. Once completed, the road is expected to reduce travel times and traffic congestion while improving road safety. It is also expected to boost trade by making goods transportation faster and more efficient.

Diomaye Faye to speak tomorrow in Le Soleil, after Sonko’s budget threat

PoliticsBusiness & EconomySenegal

senenews.com•1h ago

Diomaye Faye to speak tomorrow in Le Soleil, after Sonko’s budget threat

President Bassirou Diomaye Faye is scheduled to give an exclusive interview to the daily Le Soleil on October 21, 2026, as political tensions over the budgets mount. The previous day, Pastef president Ousmane Sonko opposed the 2026 supplementary finance bill and the 2027 initial finance bill, criticizing cuts to investment credits, some social budgets and planned changes to petroleum-product subsidies. Sonko also called for legal oversight of special funds and warned that the bills could be rejected if his parliamentary group’s amendments are not accepted. The interview’s contents are unknown, and there is no confirmation that Faye will respond directly to Sonko.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox