Investment in Infrastructure to Bolster Economic Growth
THE AFRICA TIMES | KENYA — The government’s sustained investment in mega road and railway infrastructure is transforming Kenya’s Coast into a prime destination for capital-intensive investments. A proposed 700,000-barrel-per-day oil refinery is expected to anchor the region’s industrial growth.
The Sh2.2 trillion refinery project, spearheaded by Nigerian billionaire Aliko Dangote and set for Lamu, aims to guarantee a steady supply of refined petroleum products. Additionally, it is designed to reduce East Africa’s dependence on imported fuel. Once operational, the refinery will represent the country’s largest private-sector investment, projected to create approximately 60,000 jobs.
This refinery will be Dangote’s second, following his 650,000-barrel-per-day facility in Lekki, Nigeria, which commenced operations in January 2024
