Ruto warns against attempts to derail Sh2trn Dangote refinery

NAIROBI, Kenya Sep 29 – President William Ruto has warned individuals he accused of trying to frustrate the planned Sh2 trillion Dangote refinery in Lamu, as the mega project moves closer to its groundbreaking on Wednesday. Breaking It Down Speaking in Kilifi on Tuesday during the issuance of title deeds, Ruto said the refinery would transform Kenya’s economy and attract billions of shillings in foreign investment. The President is scheduled to

09/29/26  •  3 Views

Business & Finance
Jukwaa avatar

NAIROBI, Kenya Sep 29 – President William Ruto has warned individuals he accused of trying to frustrate the planned Sh2 trillion Dangote refinery in Lamu, as the mega project moves closer to its groundbreaking on Wednesday.

📻 Breaking It Down

Speaking in Kilifi on Tuesday during the issuance of title deeds, Ruto said the refinery would transform Kenya’s economy and attract billions of shillings in foreign investment.

The President is scheduled to lead the groundbreaking ceremony for the East Africa Refinery in Lamu on.

The project, backed by Nigerian businessman Aliko Dangote, is expected to cost about Sh2.2 trillion and have a planned capacity of 700,000 barrels of crude oil per day.

📌 What You Need to Know

“Tomorrow, God willing we will officially do the groundbreaking for the refinery in Lamu,” Ruto said.

He warned those opposing the investment against attempting to derail the project through what he described as demands for shares and other conditions.

“You will not succeed to con us or lie to us this time round,” the President said.

Ruto accused unnamed “brokers” of previously contributing to Kenya losing major investments, citing Dangote’s earlier attempt to establish a cement plant in Kenya and the decision to route Uganda’s crude oil pipeline through Tanzania instead.

“I am very alert and this time round you will not succeed,” he said.

Ruto said the government would ensure the refinery investment was structured transparently, adding that the Kenyan government would have a stake in the project.

📰 Source: Capital FM Kenya

0 Comments
No comments found

Related Articles