The Lamu port area on Kenya's northern coast (file). Photo: JPNjoro via Wikimedia Commons (CC BY-SA 4.0)
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Dangote to break ground on Lamu refinery on September 30.
Nigerian billionaire Aliko Dangote has set September 30 as the date for breaking ground on a new oil refinery in Lamu. He announced the date on September 3 while addressing investors in Gaborone, Botswana.
The refinery will process 700,000 barrels of crude oil a day, making it East Africa's largest once complete. Dangote put the total cost at Sh2.2 trillion. He has offered East African countries a combined 30 percent stake in the project, with Kenya taking up 10 percent worth Sh64.74 billion.
"We are launching it on September 30," Dangote told the investors.
Construction is expected to take three years. The project includes a 1,000-megawatt power plant and a special economic zone alongside the refinery. Officials say it will supply fuel to Kenya and neighbouring countries, cutting the region's reliance on imported petroleum products.
What it means for jobs
The refinery is expected to create about 60,000 jobs during construction and operation. President William Ruto's government has backed the project as a boost to Kenya's energy and industrial sectors. The plan remains on paper for now, but a refinery of this size could eventually affect fuel prices and transport costs felt in Nairobi's estates.
This story was put together by K N N from material first published by The Star.
That was a Kibra News Network report, read by an A I voice.
Nigerian billionaire Aliko Dangote has set September 30 as the date for breaking ground on a new oil refinery in Lamu. He announced the date on September 3 while addressing investors in Gaborone, Botswana.
The refinery will process 700,000 barrels of crude oil a day, making it East Africa’s largest once complete. Dangote put the total cost at Sh2.2 trillion. He has offered East African countries a combined 30 percent stake in the project, with Kenya taking up 10 percent worth Sh64.74 billion.
“We are launching it on September 30,” Dangote told the investors.
Construction is expected to take three years. The project includes a 1,000-megawatt power plant and a special economic zone alongside the refinery. Officials say it will supply fuel to Kenya and neighbouring countries, cutting the region’s reliance on imported petroleum products.
What it means for jobs
The refinery is expected to create about 60,000 jobs during construction and operation. President William Ruto’s government has backed the project as a boost to Kenya’s energy and industrial sectors. The plan remains on paper for now, but a refinery of this size could eventually affect fuel prices and transport costs felt in Nairobi’s estates.
KNN Newsroom is the staff byline for stories written, rewritten and edited at the Kibra News Network desk. Where a story credits an outside outlet, the original source is linked at the foot of the piece.
