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Article

Dangote eyes $15–17 billion refinery in Kenya's Mombasa to supply East Africa

Investors King May 11, 2026
Read the original Article page

TL;DR

Aliko Dangote is considering building a 650,000 barrels-per-day refinery in Mombasa, Kenya, citing the city's deeper port infrastructure and Kenya's larger fuel consumption market over rival site Tanga in Tanzania.

The project is estimated to cost between $15 billion and $17 billion, which would make it one of the largest industrial investments in East Africa and a major expansion of Dangote's refining footprint beyond Nigeria.

Dangote said the final decision rests with Kenyan President William Ruto, whose government's support and investment conditions will determine whether the project moves forward, mirroring the model used to build the Lagos refinery.

Intelligence

This signals that Dangote is actively positioning his refining model as an exportable infrastructure play across Africa, not just a Nigerian asset and East African governments now have real leverage to attract one of the continent's largest-ever private industrial investments.

For Nigerian energy and logistics businesses, a Mombasa refinery of this scale could open new supply chain, engineering, and services contracts in East Africa within the next three to five years if the project secures government backing and financing.

Kenyan and East African fuel importers, who currently depend almost entirely on refined products from the Middle East, stand to gain the most from reduced import exposure if the refinery reaches completion, though that outcome is years away.

It is not yet known whether President Ruto will move quickly enough to lock in the project ahead of Tanzania, but the signal to watch is any formal government-to-government agreement or memorandum of understanding between Kenya and Dangote's group in the next 12 months.

Funding extracted from this article

1
Dangote Refinery Unknown · $15 billion to $17 billion

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No regulatory actions were extracted from this article.

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