Kenya to buy stake in Dangote-fronted oil refinery

 Dangote Group founder Aliko Dangote.

Photo credit: Pool

Kenya will buy a stake in the planned 650,000-barrel-a-day oil refinery fronted by Africa’s richest industrialist, Aliko Dangote.

President William Ruto said the country will invest in the multibillion-shilling project through the National Infrastructure Fund, a State-backed investment vehicle created to mobilise long-term financing for major infrastructure projects.

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