KILIFI, Kenya, Sep 29 — The ownership and operations of the  Dangote East Africa Refinery, whose construction will be launched on Wednesday, will be open and transparent, President William Ruto has said.

📻 Breaking It Down

The President stated that the Government will have a stake in the landmark facility, and Kenyans will be given an opportunity to buy shares through the Nairobi Securities Exchange.

At the same time, the President issued a stern warning to individuals he accused of frustrating investors seeking opportunities in Kenya by making unreasonable demands and imposing selfish conditions.

He said such actions risk driving away capital and slowing the country’s economic transformation.

📌 What You Need to Know

President Ruto made it clear that the Government will not allow profiteers to derail the refinery project.

He described the Sh2 trillion project as an economic game-changer for Kenya and the wider region.

“They cannot stop this project. I will make sure it succeeds,” he asserted.

He was speaking in Kilifi and Kwale counties on Tuesday on the fourth day of his Coast development tour.

The President said the people seeking to derail the refinery have been frustrating major investments, citing Nigeria businessman Aliko Dangote’s earlier efforts to establish a cement factory in Kenya and the proposed crude oil pipeline between Kenya and Uganda.

He said investors need an enabling environment rather than punitive demands.

📰 Source: Capital FM Kenya