{"id":2000123517,"date":"2026-08-24T20:14:00","date_gmt":"2026-08-24T18:14:00","guid":{"rendered":"https:\/\/new.igihe.com\/english\/?p=2000123517"},"modified":"2026-08-24T20:14:00","modified_gmt":"2026-08-24T18:14:00","slug":"kagame-confirms-discussions-on-rwanda-investing-in-dangote-backed-kenyan-oil-refinery","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/kagame-confirms-discussions-on-rwanda-investing-in-dangote-backed-kenyan-oil-refinery\/","title":{"rendered":"Kagame confirms discussions on Rwanda investing in Dangote-backed Kenyan oil refinery"},"content":{"rendered":"\n

Responding to a question about reports that Rwanda could acquire a stake in the refinery during a press conference in Kigali on Monday, President Kagame said discussions were still at an early stage and that it was too soon to provide further details.<\/p>\n\n\n\n

\u201cIn a way, there has been. But it is too early to talk about the details, because I think it is a work in progress. Things are still being thought out,\u201d Kagame said during the press conference at the Kigali Convention Centre.<\/p>\n\n\n\n

\u201cBut what I can say is that Rwanda would be very happy to be part of that kind of investment.\u201d<\/p>\n\n\n\n

His remarks follow reports that the Nigerian businessman is seeking regional partners for a major refinery project planned for Kenya’s northern coast.<\/p>\n\n\n\n

Dangote has reportedly offered East African countries a combined 30 percent equity stake in the project, with Kenya, Rwanda and Ethiopia among the countries reported to have expressed interest.<\/p>\n\n\n\n

According to reports, Kenya could take a 10 percent stake worth about $500 million, while the combined regional stake would be valued at approximately $1.5 billion.<\/p>\n\n\n\n

The refinery is planned for Lamu and is expected to have a processing capacity of up to 700,000 barrels per day, potentially making it one of Africa’s largest refining facilities.<\/p>\n\n\n\n

The refinery itself is estimated to cost up to $16 billion, while the broader petrochemical complex and additional port infrastructure could bring the total investment to around $20 billion.<\/p>\n\n\n\n

If completed, the project could help reduce East Africa’s dependence on imported refined petroleum products and strengthen the region’s energy security by creating a major source of fuel closer to regional markets.<\/p>\n\n\n\n

President Kagame did not provide details on the size of a potential Rwandan investment or the stage of the discussions, stressing that the plans were still being considered.<\/p>\n\n\n\n

\"\"
Responding to a question about reports that Rwanda could acquire a stake in the refinery during a press conference in Kigali on Monday, President Kagame said discussions were still at an early stage and that it was too soon to provide further details.<\/figcaption><\/figure>\n\n\n\n
\"\"
President Paul Kagame said Rwanda would be “very happy” to participate in the project.<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

President Paul Kagame has confirmed ongoing discussions over Rwanda potentially investing in Aliko Dangote’s planned $16 billion oil refinery in Kenya, saying the country would be “very happy” to participate in the project.<\/p>\n","protected":false},"author":131,"featured_media":2000123518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[151,69],"byline":[192],"hashtag":[],"class_list":["post-2000123517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-editors-choice","tag-homehighlights","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":2000122456,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/WhatsApp-Image-2026-08-14-at-11.58.47-AM.jpeg","title":"WhatsApp Image 2026-08-14 at 11.58.47 AM","mime_type":"image\/jpeg"},"user_id":131}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":2000122456,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/WhatsApp-Image-2026-08-14-at-11.58.47-AM.jpeg","title":"WhatsApp Image 2026-08-14 at 11.58.47 AM","mime_type":"image\/jpeg"},"user_id":131}],"featured_image":{"id":2000123518,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/DANGOTE-REFINERIES.jpeg","alt":"President Paul Kagame has confirmed ongoing discussions over Rwanda potentially investing in Aliko Dangote's planned $16 billion oil refinery in Kenya, saying the country would be \"very happy\" to participate in the project.","caption":"","mime_type":"image\/jpeg","width":1200,"height":799,"sizes":{"thumbnail":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/DANGOTE-REFINERIES.jpeg","width":1200,"height":799},"medium":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/DANGOTE-REFINERIES.jpeg","width":1200,"height":799},"medium_large":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/DANGOTE-REFINERIES.jpeg","width":1200,"height":799},"large":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/DANGOTE-REFINERIES.jpeg","width":1200,"height":799},"full":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/DANGOTE-REFINERIES.jpeg","width":1200,"height":799}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000123517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=2000123517"}],"version-history":[{"count":1,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000123517\/revisions"}],"predecessor-version":[{"id":2000123520,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000123517\/revisions\/2000123520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000123518"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=2000123517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=2000123517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=2000123517"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=2000123517"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=2000123517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}