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Tanzania’s top businessman backs Dangote’s Kenya refinery with $100m investment
Photo: Businessday NG
2026-07-13 03:38   Business   10

Tanzania’s top businessman backs Dangote’s Kenya refinery with $100m investment

Mohammed Dewji, Tanzania’s wealthiest businessman, has offered to invest $100 million in Aliko Dangote’s planned oil refinery in Kenya.Despite preferring the project to be built in Tanzania, Dewji supports the $17 billion refinery, which could become Africa’s largest energy project.The refinery, initially planned for Tanzania’s Tanga but shifted to Kenya’s Lamu, aims to boost East Africa’s fuel refining capacity.Dangote’s Lagos refinery processes 650,000 barrels of crude oil daily, with plans to expand to 1.4 million barrels.The project is backed by a $4 billion financing package and a $400 million deal with Chinese firm XCMG.Dewji plans to contact Dangote directly, marking the first public indication of his interest.The refinery will be the second-largest in Africa after Dangote’s Lagos plant, enhancing regional energy infrastructure and economic growth.

Full reading at Businessday NG

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