Dangote’s planned refinery is expected to be developed in Lamu, a coastal town in southeastern Kenya, after the project was initially proposed for Tanga in Tanzania.

The billionaire industrialist said the decision to move the proposed location to Kenya was based on commercial and technical considerations.What they are saying

Ndii said Kenya’s proposed 10% participation would be worth approximately $500 million, while Ethiopia and Rwanda have also indicated interest in taking stakes in the refinery.

He said the combined regional participation could amount to about $1.5 billion, with Dangote prepared to support the project if some participating countries are unable to commit as crude off-takers.The proposed regional participation would give East African countries a direct equity interest in a major energy infrastructure project while potentially securing access to refined petroleum products for participating markets.

The United Nations geoscheme for Africa defines Eastern Africa as comprising 18 sovereign countries, alongside two French overseas territories, meaning the proposed 30% allocation could potentially involve a broader regional investor base beyond Kenya, Ethiopia and Rwanda.

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The refinery project was initially planned for Tanzania, where Dangote had proposed building a new facility in Tanga that would replicate his 700,000-barrel-per-day refinery in Lagos.