Africa's richest man to launch Kenya oil refinery despite land protests
Summary
Nigerian billionaire Aliko Dangote and Kenya's President William Ruto will start building a $16 billion oil refinery in Lamu, Kenya, which will process 700,000 barrels of oil daily. Some local people are protesting for more land compensation, but Dangote says the project will continue and be finished by 2030.Key Facts
- The refinery will be the largest industrial project in East Africa by capacity.
- It will process 700,000 barrels of crude oil each day.
- Local residents have protested, asking for more compensation for land used by the project.
- Dangote said the company only took the land the government made available.
- The refinery will create about 60,000 jobs during its peak construction phase.
- Kenya does not produce oil but will import crude oil for the refinery.
- The project will include a 1,000-megawatt power plant to supply electricity to the refinery and nearby industries.
- Construction is scheduled to begin on November 1, 2024, and the refinery is expected to be operational by 2030.
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