Dangote's Sh2 trillion refinery bet
Five months after Kenya and Tanzania revived plans for an East African oil refinery, Kenya is set to break ground on the $16 billion (Sh2 trillion) project on Wednesday, one of the region’s biggest industrial bets.
In May, Tanzania’s President Samia Suluhu publicly reprimanded President William Ruto for disclosing that plans were underway to establish the refinery in Tanga without her knowledge. Weeks later, Dangote Group announced that it had entered an agreement with Kenya to have the oil refinery set up in Lamu.
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