A Dangote Lamu refinery stake of 10%, worth about US$500 million, has been offered to Kenya, with 30% on the table for the region at US$1.5 billion.
KENYA · ENERGY
Key Facts
—The offer, as described in Nairobi: Kenya has been offered 10% of the planned Lamu refinery, put at about KSh64.7 billion, or US$500 million. Dangote Industries has not commented.
—The regional block: Kenya, Ethiopia and Rwanda have together been offered 30%, valued at roughly US$1.5 billion.
—Who said so: David Ndii, economic adviser to President William Ruto, speaking at a capital markets forum in Nairobi on 20 August.
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