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The Independent UK
The Independent UK
National
Evelyne Musambi

Nigerian billionaire eyes US investors ahead of groundbreaking for $16B Kenya refinery

Aliko Dangote Kenya United States Africa Oil
Nigeria Dangote Refinery - (Copyright 2026 The Associated Press. All rights reserved.)

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 expected to process 700,000 barrels of crude oil a day.

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