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BUSINESSWTOP·9h ago

Nigerian billionaire eyes US investors ahead of groundbreaking for $16B Kenya refinery

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Nigerian billionaire Aliko Dangote announced that American investors will participate in a $16 billion oil refinery project in Lamu, Kenya. The project is scheduled to break ground on Wednesday.

NAIROBI, Kenya (AP) — Nigerian billionaire industrialist Aliko Dangote said on Tuesday that American investors would participate in a planned $16 billion East African oil refinery, while insisting that the project remain African-led. Dangote was speaking in Kenya ahead of Wednesday’s groundbreaking ceremony for the refinery in the coastal city of Lamu. The facility is...

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