Dangote to sell 30% shareholding of new refinery to East African countries – Report

AI Summary

Dangote plans to sell a 30% shareholding of a new refinery located in Kenya's coastal town of Lamu to East African countries, including Kenya taking a 10% stake. The refinery deal, valued at around half a trillion dollars, points to significant regional industrial and energy sector development.

Kenya, where the new refinery will be sited at the southeastern coastal town of Lamu, will take a 10 per cent stake estimated at around half a trillion dollars, the international news outlet stated, citing David Ndii, a top economic adviser of President Ruto. The post Dangote to sell 30% shareholding of new refinery to East African countries – Report appeared first on Premium Times Nigeria.