Dangote Offers East African States 30% of Planned Kenya Refinery

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Dangote Offers East African States 30% of Planned Kenya Refinery

NAIROBI — The Dangote Group has offered East African governments a combined 30 per cent stake in its planned 700,000 barrels per day refinery at Lamu, Kenya, Bloomberg reported. David Ndii, economic adviser to Kenya's President William Ruto, said Kenya will take 10 per cent, and Ethiopia and Rwanda have shown interest. The plant is expected to cost $15 billion to $17 billion.

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