A Kenyan coastal town on Lamu Island, part of the Lamu Archipelago
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.
Dangote’s Lagos refinery IPO is aimed at democratizing wealth, with retail investors buying shares at 5,250 naira ($4) per share. The offer opens today and runs for a month, while the plant expands capacity to 650,000 barrels per day and eyes further growth, potentially expanding into the U.S. within three to four years.