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CommoditiesMediumUpdated•Originally published 10 May 2026•Updated 10 May 2026•

1 min read

Billionaire Aliko Dangote Eyes Kenya for New 650,000 bpd Oil Refinery

Portrait of Aliko Dangote with an oil refinery, Kenya map, and project documents on a yellow background.

Key Facts

1Africa's richest man Aliko Dangote told the Financial Times he is leaning towards Mombasa, Kenya over Tanzania for a mega oil project.

25 days ago

Version History

Version 125 days ago

Africa's wealthiest individual, Aliko Dangote, has revealed ambitious plans to expand his energy footprint across East Africa. In an interview with the Financial Times, Dangote indicated a preference for Mombasa, Kenya, over Tanzania as the site for a massive new oil refinery. The proposed facility is expected to have a processing capacity of 650,000 barrels per day, significantly bolstering regional energy security. This move represents a strategic shift in the African refining landscape as Dangote seeks to capitalize on growing regional demand. Such a large-scale infrastructure project is poised to drive Kenyan economic growth and attract substantial foreign direct investment. The initiative underscores the Dangote Group's broader vision of strengthening industrial infrastructure throughout the continent.