NORTHERN NIGERIA HUB – 11/8/2026
Beyond Nigeria, Dangote is extending his refining ambitions into East Africa with a planned $16 billion, 700,000-barrel-per-day refinery in Lamu, Kenya. Construction was officially launched on September 30, 2026, in partnership with the Kenyan government, with completion targeted for 2030.
Aliko Dangote hits the ceremonial gong surrounded by executives during the Dangote Refinery’s Initial Public Offering (IPO) launch (Image: Temiloluwa Johnson, AFP) ©provided by Business Insider Africa© Business Insider Africa
The offer also sought to extend ownership beyond Nigeria. Dangote said applications came from 120 countries, including all 54 African nations, while Kenyan investors received access through a separate global depositary receipt programme.
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