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What Dangote’s East Africa refinery gamble means for Africa’s $120bn fuel import bill

Chief Executive of Dangote Industries Limited, Aliko Dangote. Photo: Dangote Industries LinkedIn/Water Forward Event
Chief Executive of Dangote Industries Limited, Aliko Dangote. Photo: Dangote Industries LinkedIn/Water Forward Event
  • Dangote eyes East Africa refinery to cut fuel imports
  • Project could reshape currencies, trade, and energy security

 

ABUJA, NIGERIA – Africa’s richest businessman, Aliko Dangote, has unveiled plans to build a mega-refinery in East Africa, a move that could redraw the continent’s energy map.

Speaking in Nairobi at the Africa We Build Summit organised by the Africa Finance Corporation, Dangote said his group is ready to replicate the scale of its flagship refinery in Lagos — but only if governments provide the right support.

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