Raffinerie de Lamu (East Africa Oil Refinery)
September 2026 · KenyaConstruction launched on 30 September 2026 with President Ruto; financing plan not published, State stakes at offer stage, crude supply not secured.
Activity : Oil and gas (upstream and gas infrastructure)
Instrument : 700,000-bpd refinery and petrochemical complex, about US$16bn; 10% offered to the Kenyan State (about US$500m), 30% in total to Kenya, Ethiopia and Rwanda; Nairobi listing announced
Refining for Kenya, Uganda, Tanzania, South Sudan, Rwanda, Burundi and DRC.
Why they invested
- Fuel import substitution
Source : afreximbank.africa-newsroom.comN1 · Primary source · Other sources : Billionaires.Africa, Financial Afrik