Business
Dangote’s $46 Billion Bet on African Refining
Aliko Dangote is turning his industrial ambitions into a continental strategy. Dangote Industries has unveiled a US$46 billion investment program for 2026–2028, headlined by a new 700,000-barrel-per-day (bpd) oil refinery in Kenya.
The East African facility will complement Dangote’s 1.4 million bpd refinery in Nigeria, creating a 2.1 million bpd network stretching from the Atlantic to the Indian Ocean.
Kenya was selected for its strategic logistics: the Port of Mombasa and an extensive pipeline network that efficiently supplies fuel to landlocked neighbors across the East African Community.
This twin-hub strategy aims to end sub-Saharan Africa’s reliance on imported refined petroleum. By processing crude closer to end markets, Dangote seeks to slash shipping costs and bolster intra-continental trade under the African Continental Free Trade Area (AfCFTA).
Ultimately, the expansion positions the conglomerate not just as a Nigerian success story, but as the architect of Africa’s energy self-sufficiency.