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…

Kenya Offered 10% Stake in $20 Billion Dangote Refinery

Aliko Dangote, is set to break ground in September on a proposed Ksh.2.59 trillion ($20 billion) refinery and petrochemical complex on Kenya’s northern coast, in what would become the largest single foreign direct investment in the country’s history and East Africa’s largest refining project to date. The Dangote Group has offered Kenya and other East … The post Kenya Offered 10% Stake in $20 Billion Dangote Refinery  first appeared on Metropol D…

Dangote offers Kenya $500M stake in Lamu refinery

Aliko Dangote has offered the Kenyan government a 10% stake worth approximately $500 million in his planned $20 billion oil refinery at Lamu, with East African neighbors Ethiopia and Rwanda also being invited into a combined 30% regional shareholding valued at $1.5 billion, as the project moves toward a September groundbreaking target.David Ndii, economic adviser to President William Ruto, disclosed the ownership structure Thursday at the Mwango…

David Ndii Reveals The Stakes Kenya And East Africa Countries Will Hold In Dangote Oil Refinery

The Kenya Times ~ Trending, Breaking News and Videos David Ndii Reveals the Stakes Kenya and East Africa Countries Will Hold in Dangote Oil Refinery Dangote Group has offered East African countries a 30 percent equity stake in its planned regional refinery, with Kenya expected to take up a 10 percent share valued at about $500 million (KSh64.5 billion). Kenya’s commitment was disclosed by President William Ruto’s economic adviser David Ndii duri…

Dangote Offers East African Governments 30% Stake in Proposed Refinery

By Adedapo Adesanya African business mogul, Mr Aliko Dangote, has offered some East African countries a combined 30 per cent equity stake in his proposed oil refinery in Kenya, potentially giving regional investors access to about $1.5 billion worth of the project. Mr David Ndii, economic adviser to Kenyan President William Ruto, disclosed this on Thursday […]