aliko-dangote-news

President Ruto Announces 60,000 Jobs In Massive Ksh2.2 Trillion Lamu Oil Refinery Deal With Aliko Dangote

Posted on July 10, 2026 by Dennis Elnino

President William Ruto has announced ambitious plans to employ approximately 60,000 Kenyans for the construction and operation of a multi-billion-shilling oil refinery in Lamu, set to be built in partnership with Africa’s richest man, Aliko Dangote.

Speaking on Friday, July 10, 2026, during the rollout of the second tranche of the Nyota programme, the Head of State confirmed that these job opportunities will be strictly reserved for Kenyan youth.

A Game-Changer for East Africa

The proposed 700,000-barrel-per-day refinery, estimated to cost a staggering Ksh2.2 trillion, represents one of the largest industrial investments in Kenya’s history. It aims to position the country as a dominant hub in the fuel industry and drastically reduce the region’s reliance on imported refined petroleum.

President Ruto revealed that he has already held conclusive talks with the Nigerian billionaire, noting that while the facility belongs to Kenya, it will serve as a vital energy lifeline for seven neighboring nations:

Ethiopia
South Sudan
Uganda
Tanzania
Rwanda
Burundi
Democratic Republic of Congo (DRC)

“As you all know, Kenya is set to construct an East African refinery here in Lamu, and we will need 60,000 youths to do that job,” President Ruto stated. “I have talked to businessman Aliko Dangote, and we have agreed with him that the refinery, which belongs to Kenya alone, will also serve [our neighbors].”

Progress Already Underway

The megaproject is expected to replicate Dangote’s massive, world-record single-train refinery located outside Lagos, Nigeria.

According to Edwin Devakumar, the Vice President for Oil and Gas at Dangote Industries, the project is moving swiftly. The site in Lamu has already been selected, with soil testing currently underway alongside ongoing design and engineering work.

¨One day, I cashed $10 M put it in the boot of my car and put it in my room¨ Africa´s richest man, Dangote makes funny revelation

Posted on April 8, 2019 by Gloria Katunge

Africa´s richest man, Aliko Dangote recalls a day when he could not believe the multiple dollars in his bank account until he physically touched it.

One of the few African billionaires, Aliko Dangote

The affluent aging man, takes us back to a day he never thought he would be worth dollars let alone a continent´s wealthiest man.

Funny thing, is his act of ignorance.

Flashback

Just Saturday, in an interview, the Nigerian business mogul reveals his source of wealth, from way back:

After a year or so, I realized I had more that 12/13 billion and you now, look! all these are just written numbers.
At that time, banks had no restrictions, I therefore wrote a cheuque and cash, $10 M and I took it home for myself.

I put it in the boot of my vehicle and I went home, opened it and looked at it and said okay fine, now I believe I have money.

This drew a lot of laughter both from his interviewer and the audience who could not believe how hard it was for Dangote to come to terms with his accumulating wealth.

Next day, I drove myself back to the bank and cashed the money.

Award-winning billionaire, Aliko Dangote

When asked about the current amount present in his wallet as we speak [sic]:

You will be surprised, I don´t even have $1.
Nothing!

He does make a lot of money now, No! That would actually be an understatement, let´s use ´handsome´.

However, Aliko now realizes it is just but numbers in the bank, it doesn´t matter now.

Below is his interview on Saturday, 6th April 2019:

https://twitter.com/AfricaFactsZone/status/1114660358566961152

Photos Courtesy

Photos: Jeff Koinange, Bill Gates among guests at the wedding of the daughter of Africa’s richest man Aliko Dangote

Posted on March 26, 2018 by Martin Oduor

The daughter of Aliko Dangote, Africa’s richest man, got married in a spectacular ceremony. Bill Gates, Jeff Koinange and other prominent leaders and businessmen were in attendance.

Dangote’s youngest daughter Fatima Dangote married Jamilu Abubakar. Jamilu is the son of Nigeria’s former Inspector General of Police, Mohammed Dikko Abubakar.

Fatima Dangote and her husband Jamilu Abubakar

Fatima is one of Dangote’s 15 children and she recently graduated from a London University. She is currently managing a branch of her father’s businesses in Abuja.

VVIP guests

The colorful wedding was held in Lagos on March 23rd at Eko Hotel and Suites. World’s second richest man Bill Gates, Nigeria’s vice president Yemi Osinbajo, Nigeria’s first lady Aisha Buhari, UK long distance runner Mo Ibrahim, former Tanzania’s president Jakaya Kikwete, Jeff Koinange etc were all in attendance.