President William Ruto and Dangote Group President Aliko Dangote. PHOTO/PSCU. By PATRICK MAYOYO No, Mr President. Kenyans who are asking questions about the Dangote East Africa Refinery in Lamu are not extortionists. They are citizens and taxpayers. They are members of communities whose land, livelihoods, environment and cultural heritage may be affected by one of…
Africa’s drive for industrial self reliance received a major boost on Wednesday as Kenya President William Ruto and President/Chief Executive, Dangote Industries Limited, Aliko Dangote, joined African leaders to break ground on a $16 billion petroleum refinery and petrochemicals complex in Lamu, Kenya, designed to process 700,000 barrels of crude oil per day and serve…
President Museveni has renewed his call for East African countries to pursue political integration, arguing that deeper unity is necessary for member states to share jobs and economic benefits created by major investments across the region. Museveni made the remarks on Wednesday during the groundbreaking ceremony for the multi-billion-dollar Dangote East Africa Petroleum Refinery and…
Kenyan President William Ruto and Nigerian businessman Aliko Dangote on Wednesday, September 30, launched the construction of the Dangote East Africa Petroleum Refinery, a $16 billion project (Rwf23.6 trillion) set to transform the energy and industrial landscape of Kenya and the region. ALSO READ: Kagame says Rwanda considering investment in Dangote-backed oil refinery Ruto and…
Dangote Petroleum Refinery has filed an initial public offering application with Nigeria’s Securities and Exchange Commission, moving the company closer to a listing on the Nigerian Exchange. SEC Director-General Emomotimi Agama said the refinery’s advisers are working with the regulator and that the company is targeting September 2026. No offer or listing date has been…
Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen its capital structure. Dangote Petroleum Refinery and Petrochemicals has raised approximately $2.5 billion in fresh equity after successfully concluding a private placement that was 3.7 times oversubscribed, the…
There are moments when life in Moscow feels completely normal – Thursday morning wasn’t one of them, writes Steve Rosenberg.
For decades, Africa’s place in the global oil economy was not merely subordinate; it was designed to be so. Crude flowed out. Refined fuel flowed back in. Value accumulated elsewhere. This was not an unfortunate equilibrium but a system built with precision: refining infrastructure in Europe, currencies of trade external, shipping, and pricing settled far…
Aliko Dangote, Africa’s richest person, yesterday pushed to expand his refining footprint beyond Nigeria, unveiling plans to build a refinery of comparable scale in East Africa in partnership with governments in the sub-region. The proposed project is expected to be completed within four years, especially if East Africa’s regional leaders cooperate, Dangote stressed, kicking against…
NewsFeed A major fire at a key refinery in Australia refinery has disrupted fuel production, raising fears of shortages as supplies are already strained by the Iran war. Published On 16 Apr 202616 Apr 2026 Click here to share on social media share-nodes Share googleAdd Al Jazeera on Googleinfo
