Dangote’s $16bn Lamu refinery to cut Africa’s dependence on imported fuel — Afreximbank

AI Summary

Afreximbank says the proposed $16 billion Dangote East Africa refinery and petrochemicals project in Lamu, Kenya, could reduce Africa’s reliance on imported refined fuels. The bank says the investment would bolster energy security and retain more value from regional natural resources.

By Udeme Akpan,Energy Editor The African Export-Import Bank, Afreximbank, has described the $16 billion Dangote East Africa Petroleum Refinery and Petrochemicals project in Lamu, Kenya, as a landmark investment capable of strengthening Africa’s energy security, retaining more value from its natural resources and reducing dependence on imported refined petroleum products.The bank made the declaration following […] The post Dangote’s $16bn Lamu refinery to cut Africa’s dependence on imported fuel — Afreximbank appeared first on Vanguard News.