East African Nations Offered 30% Share of Dangote’s Kenya Mega-Refinery

Dangote Offers East Africa Nations 30% Stake in New Refinery

East African Nations Offered 30% Share of Dangote’s Kenya Mega-Refinery

Nigeria’s Dangote Group has offered a 30% stake in a planned refinery in Kenya to East African nations, a senior economic adviser to Kenya’s President William Ruto said.  Dangote Group, the corporation of Africa’s richest man, Aliko Dangote, plans to build a refinery in Kenya with a processing capacity of as much as 700,000 barrels per day of crude, which is estimated to cost about $17 billion. The refinery on Kenya’s Lamu Island would process c…

Dangote Offers East African States 30 Pct Stake in Planned Refinery

Dangote Group has offered East African countries a 30 percent equity stake in the giant refinery planned for the region, according to Kenyan President William Ruto's top economic adviser.

Dangote offers East African nations 30% stake in $17 billion refinery

Aliko Dangote has offered East African governments a combined 30% equity stake in a proposed $17 billion oil refinery in Kenya to reduce regional fuel import dependence. The post Dangote offers East African nations 30% stake in $17 billion refinery appeared first on Business Elites Africa.

Dangote Offers Kenya Stake in Lamu Refinery, Sets Construction Dates

Several East African nations have also expressed their willingness to invest in the project, with the government eyeing a major job boost for thousands of Kenyans.

Dangote offers East African countries 30% stake in planned $17 billion refinery

Aliko Dangote has offered East African countries a combined 30% equity stake in his proposed oil refinery in Kenya, potentially giving regional investors access to about $1.5 billion worth of the planned project. The post Dangote offers East African countries 30% stake in planned $17 billion refinery appeared first on Nairametrics.