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Ruto, Dangote Break Ground on $16B Kenyan Refinery

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Story summary
  • President William Ruto and billionaire Aliko Dangote broke ground on a $16 bn Kenyan refinery.
  • The plant will process 700,000 barrels daily, becoming East Africa’s only refinery.
  • Dangote offered regional governments a combined 30% stake, with Kenya eligible for a 10% share.
  • Local residents protested, demanding higher compensation and the environmental impact assessment results.
  • Dangote expects construction to finish by 2030, three years after the September 2026 groundbreaking.