African heads of state launch $16-billion oil refinery in East Africa
Five African heads of state have led a groundbreaking ceremony for a $16 billion oil refinery project in East Africa. The event took place on Wednesday, with Kenya’s President William Ruto hosting leaders from Uganda, Ethiopia, Togo, and Benin. Nigeria's former President Olusegun Obasanjo also attended. The refinery, located in Lamu, is expected to process 700,000 barrels of oil per day once completed in 40 months. Nigerian billionaire Aliko Dangote is overseeing the project.
He emphasized the importance of Africa processing its own raw materials. The refinery will rely on oil from neighboring countries like Uganda and South Sudan.
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ApnewsSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-01. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.