Dangote to sell 30% shareholding of new refinery to East African countries

Dangote Group is offering East African nations a 30% stake in its new 700,000 bpd refinery planned for Kenya. Kenya will secure a 10% share, valued at $500 million, in the Lamu-based facility. The regional investment totals $1.5 billion, with Ethiopia and Rwanda indicating interest, marking a strategic shift after facing resistance in Nigeria.