Kenya, Rwanda Move For Stakes As Dangote Offers 30% Of $16bn Lamu Refinery To East Africans

… Pledges 60,000 Jobs
The $16 billion Dangote refinery in Lamu is being positioned as a regional asset, with 30 per cent of its equity reserved for East African countries to drive regional ownership and energy security.
President/chief executive of Dangote Industries Limited, Aliko Dangote, disclosed this at the groundbreaking of the Dangote East Africa Petroleum Refinery and Petrochemicals Complex in Lamu, Kenya, saying Kenya and Rwanda had already moved quickly to take up the offer.
The 700,000 barrels-per-day refinery, petrochemicals and 1,000 megawatts power complex, valued at about KSh2 trillion, is designed to serve markets including Uganda, Tanzania, Ethiopia, South Sudan and...