Ruto Backs Sh2.58 Trillion Dangote Oil Refinery Plan for Kenya
By Jeff Kizzilah
The Government of Kenya is set to invest in a major regional oil refinery project fronted by African billionaire Aliko Dangote, in a move expected to transform East Africa’s energy sector and strengthen Kenya’s position as a regional petroleum hub.
President William Ruto announced that Kenya plans to participate in the multi-billion shilling project through the National Infrastructure Fund, with the proposed refinery expected to process up to 650,000 barrels of oil.
The ambitious refinery project is estimated to cost nearly $20 billion (approximately Sh2.58 trillion), making it one of the largest industrial investments ever proposed in the East African region.
Speaking on the planned investment, President Ruto said the project aligns with Kenya’s long-term economic transformation agenda by enhancing energy security, creating jobs, boosting manufacturing, and reducing reliance on imported refined petroleum products.
The proposed refinery is expected to position East Africa as a major player in the global energy market while accelerating industrial growth across the region.
Earlier, Dangote expressed preference for Kenya as the most strategic destination for the mega investment, citing the country’s infrastructure, business environment, and regional connectivity.
The Dangote Group is currently conducting a feasibility study to determine the most suitable location for the refinery among the ports of Mombasa, Lamu, and Tanga.
Energy experts say the project could significantly lower fuel import costs, stimulate regional trade, and attract further foreign direct investment into East Africa’s infrastructure and industrial sectors.
If approved and implemented, the refinery would mark a historic partnership between Kenya and one of Africa’s largest industrial investors, potentially reshaping the continent’s energy landscape for decades to come.
