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Nigerian Billionaire Eyes US Investors Ahead of Groundbreaking for $16B Kenya Refinery

Dangote said American investors will join the project as the refinery aims to process 700,000 barrels of crude a day.

NAIROBI, Kenya (AP) — Nigerian billionaire industrialist Aliko Dangote said on Tuesday that American investors would participate in a planned $16 billion East African oil refinery, while insisting that the project remain African-led. Dangote was speaking in Kenya ahead of Wednesday’s groundbreaking ceremony for the refinery in the coastal city of Lamu. The facility is...

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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, September 29, 2026.
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