Dangote, Kenya launch $16B refinery to cut East Africa fuel import costs

Aliko Dangote and Kenyan President William Ruto began construction of a $16 billion oil refinery in Kenya, aiming to reduce regional fuel import costs and replicate Dangote's 700,000 bpd Nigerian capacity. The project aligns with upcoming oil extraction in Kenya and Uganda, but financing and timeline details remain unconfirmed. This could reshape East African energy supply dynamics.