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Bloomberg

Dangote Offers East African Nations 30% Stake in New Refinery

Friday, August 21, 2026


Dangote Group offered East African nations a 30% equity stake in a planned refinery for the region, according to Kenya's chief economic adviser to President William Ruto. The offer structure and timeline for the investment opportunity were not detailed in the announcement. Dangote Group is a Nigerian industrial conglomerate with operations across multiple African sectors.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-21/dangote-offers-east-african-nations-30-stake-in-new-refinery

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