𝐃𝐀𝐍𝐆𝐎𝐓𝐄’𝐒 𝐋𝐀𝐌𝐔 𝐑𝐄𝐅𝐈𝐍𝐄𝐑𝐘: 𝐇𝐄 𝐈𝐒 𝐌𝐀𝐊𝐈𝐍𝐆 𝐁𝐈𝐆 𝐏𝐑𝐎𝐌𝐈𝐒𝐄𝐒

Aliko Dangote says his proposed Lamu refinery could become one of East Africa's biggest corporate projects — and he wants it listed in Kenya.

Dangote has played down the ongoing land dispute surrounding the project, describing legal challenges as something his businesses have encountered elsewhere in Africa.

The Malindi Environment and Land Court has ordered the status quo to be maintained over LR No. 13061 until October 14, while declining to stop the refinery groundbreaking.

Dangote says the refinery should eventually be listed on the Nairobi Securities Exchange, arguing that African businesses should increasingly use African capital markets.

He also says the project could generate about 1,000MW of electricity.

According to his description, approximately 500MW would be used internally and kept as reserve, while another 500MW could potentially be sold to the Kenyan government under an agreement.

Dangote also made a comparison with Uganda's proposed refinery in Hoima, which is planned at 60,000 barrels per day and involves Alpha MBM Investments and Uganda's UNOC.

He said he expects the Lamu project to move faster and warned African governments about investors who announce ambitious projects but fail to execute them.

There is still a major distinction between what has been announced, what has been legally cleared, what has been financed and what has actually been built.

For Kenya, the Lamu project could therefore become significant if the plans move from announcements to execution.

The coming years will show how much of Dangote's vision becomes reality.

#Lamu #Dangote