Economy
Africa’s richest man plans new oil refinery in Mombasa
Billionaire Aliko Dangote, Africa’s richest person, is planning to build a $15-17bn oil refinery in Mombasa, Kenya, aiming to reduce the continent’s reliance on Middle Eastern imports. The plan follows the success of his $19bn Lagos refinery and comes amid global energy disruptions linked to the Strait of Hormuz closure. Kenyan President William Ruto has expressed support, though East Africa’s fragmented political and logistical landscape poses challenges.