Mohammed Dewji to Inject $100m into Dangote’s $17bn Kenyan Refinery

Tanzanian billionaire Mohammed Dewji has offered to invest $100 million in Aliko Dangote’s planned oil refinery in Kenya. Dewji originally preferred projects in Tanzania but is now open to co-investing in the $15–17 billion East African refinery. He plans to reach out to Dangote soon. The Kenya refinery, set to begin this year, will be funded by local capital, bond issuances and an IPO. It is expected to become one of the largest industrial projects in East Africa.

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