Nigerian billionaire Aliko Dangote has launched construction of a $16bn oil refinery in Kenya, a project designed to reduce East Africa's reliance on costly fuel imports, reported Reuters ....
When construction is completed in the coastal town of Lamu in 40 months, the refinery is expected to process 700,000 barrels of oil per day ... Dozens of protesters took to the streets of Lamu on Tuesday demanding more compensation.
The president/chief executive of Dangote Industries Limited, Aliko Dangote, has declared that all companies operated by the Dangote Group will eventually be opened to public ownership ....
Dangote was speaking in Kenya ahead of Wednesday’s groundbreaking ceremony for the refinery in the coastal city of Lamu... The Lamu project comes as Dangote Group plans to invest nearly $50 billion ...