According to a report, Dangote is set to sell 30% shareholding of its new refinery to East African countries. Kenya, where the new refinery will be sited at the southeastern coastal town of Lamu, will take a 10 per cent stake estimated at around half a trillion dollars, the international news outlet stated, citing David Ndii, a top economic adviser of President Ruto. The move is seen as a strategic partnership to expand Dangote's refinery operations in the region.
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