Kenya plans to begin construction of a $15 billion oil refinery in Lamu, following talks between President William Ruto, Aliko Dangote, and Africa Finance Corporation.
The refinery, expected to process 700,000 barrels per day, aims to boost East Africa's energy security and create jobs.
The project location shifted from Tanzania and then Mombasa to Lamu, leveraging the LAPSSET corridor and proximity to the Indian Ocean.
Kenya currently imports most of its refined petroleum, with the Lamu refinery intended to reduce regional dependence on imports. #Dangote
