Kenya’s Lamu Town and UNESCO World Heritage site
Environmentalists warn Kenya’s planned 700,000-barrel-per-day refinery at Lamu could damage fragile coastal ecosystems and lock the country into a fossil-fuel future, while officials argue it will create jobs. Greenpeace Africa is pushing for an independent environmental and social impact assessment before approvals proceed.
Aliko Dangote has opened a month-long IPO for Dangote Petroleum Refinery, offering roughly 3% of the company to retail investors from 14 September with minimum purchases of 10 shares. The sale will fund plans to double capacity to about 1.4m barrels per day and expand listings outside Africa, while critics warn of concentration of ownership and valuation risks.
Kenya's government says its stake and a public share offer will accompany the Dangote refinery project, which is moving toward groundbreaking despite ongoing land disputes and court orders. Officials promise transparency and local participation while Dangote stresses investor interest and regional job creation.