Rwanda is reportedly eyeing a stake in Aliko Dangote’s proposed mega refinery in Kenya.
The ambitious project could reshape East Africa’s fuel market if the planned investment moves ahead.
The Dangote Kenya refinery is expected to cost between $16 billion and $20 billion.
Dangote Group has reportedly opened a 30% investment window for East African countries.
Kenya has already committed to a 10% stake valued at $500 million.
Rwanda and Ethiopia have also shown interest, although Rwanda’s proposed investment has not been disclosed.
Kenyan economic adviser David Ndii said regional investors could contribute about $1.5 billion.
“The total regional investment will be $1.5 billion. I see no reason to hesitate, and if others in the region do not take up the opportunity, we will support it,” Ndii said.
The planned refinery would reportedly process more than 600,000 barrels of crude oil daily.
Crude supplies could come from Kenya and Uganda, while refined products would serve markets across East Africa.
The project is expected to be built on Lamu Island, with its launch reportedly planned for September.
Its capacity would put it among Africa’s largest refining projects if completed as planned.
The Dangote Kenya refinery could also create new trade links between oil-producing countries and regional fuel markets.
Kenya expects the wider project to contribute about $4 billion to its economy each year.
The development could boost jobs, investment and industrial activity across the region.
It may also reduce reliance on imported refined petroleum products in East Africa.
