Dangote said his group had faced similar legal and regulatory challenges in other African countries and remained confident that the Kenyan project would proceed. The planned refinery is expected to cost between $15bn and $16bn and is targeted for completion by 2030.
The businessman also said the refinery could eventually be owned partly by ordinary African investors, with the group prepared to reduce its stake to as little as 25 per cent if demand for shares remains strong.
Your reaction
Story guide
Understand this story
Summary
Aliko Dangote says his business group is prepared to face legal challenges over its planned 700,000-barrel-per-day refinery in Kenya, despite a court order affecting the project site. Aliko Dangote says his business group is prepared to face legal challenges over its planned 700,000-barrel-per-day refinery in Lamu, Kenya. His comments came after a Kenyan court ordered that the existing...
Key takeaways
- Aliko Dangote says his business group is prepared to face legal challenges over its planned 700,000-barrel-per-day refinery in Kenya, despite a court order affecting the project site.
- Aliko Dangote says his business group is prepared to face legal challenges over its planned 700,000-barrel-per-day refinery in Lamu, Kenya.
- His comments came after a Kenyan court ordered that the existing situation on the project’s land be maintained pending a hearing scheduled for October 14.Dangote said his group had faced similar legal and regulatory challenges in other African countries and remained confident that the Kenyan project would proceed.
Article FAQ
What is this story about?
Aliko Dangote says his business group is prepared to face legal challenges over its planned 700,000-barrel-per-day refinery in Kenya, despite a court order affecting the project site. Aliko Dangote says his business group is prepared to face legal challenges over its planned 700,000-barrel-per-day refinery in Lamu, Kenya. His comments came after a Kenyan court ordered that the existing...
Who published this story?
Glow 99.1 FM published this story with GlowRy Atuah listed as author.
When was it published?
September 30, 2026
