Audio By Vocalize A section of the oil lines connecting Kenya Petroleum Refineries Limited to various oil marketers in Mombasa. [File, Standard] As we argued last week, there is little doubt that the Dangote refinery will be a game changer in Kenya’s economy. At Sh2.5 trillion, the refinery will be more than half the total investment at the Nairobi Stock Exchange. Listing just 30 per cent of Dangote refinery will significantly lift the NSE’s capitalisation, with capacity to democratise wealth and more than double retail investor participation. One of its unstated impacts will be in foreign exchange retention and reducing costly…
Author: By Kamotho Waiganjo
Audio By Vocalize Aliko Dangote and President William Ruto during the launch of the Dangote East Africa Petroleum Refinery in Lamu on September 30, 2026. [PCS] This is the first of a two-part series on one of the most consequential developments in Kenya since its independence. It was best evidenced by the docking, last Saturday, of the MV Da Yang at Lamu Port carrying 3,000 metric tonnes of heavy construction machinery. The equipment’s arrival marked the physical mobilisation of Aliko Dangote’s East African Refinery, a project that could fundamentally reshape East Africa’s economic trajectory. On Wednesday, President Ruto, surrounded by…