Pressdia Ad

East African refinery project gains momentum as Museveni backs Dangote-led regional plan

Yoweri Museveni has thrown his support behind a proposed East African regional refinery project championed by Aliko Dangote, signaling growing momentum for a multi-billion-dollar energy initiative aimed at strengthening regional integration and reducing dependence on imported fuel. The development followed talks between Museveni and Dangote at State Lodge Nakasero in Kampala, as reported by Reuters and ChimpReports.

Museveni said Uganda was ready to support the proposed refinery alongside its own Hoima refinery project, stressing that African countries must prioritise value addition rather than exporting raw materials. “We shall support Mr. Dangote, and we are ready to buy shares in the regional refinery because our goal is regional integration and industrial development,” Museveni said, according to ChimpReports.

The proposed refinery, estimated at between $15 billion and $17 billion, would be modelled after Nigeria’s 650,000-barrel-per-day Dangote Refinery and is expected to serve markets across Uganda, Kenya, Tanzania, South Sudan, Ethiopia, the Democratic Republic of Congo, and other East African economies. During the Africa We Build Summit in Nairobi, Kenyan President William Ruto also backed the initiative, saying the refinery could help shield the region from global fuel supply shocks and strengthen energy security.

Dangote said consultations are ongoing with regional governments over possible locations including Tanga, Mombasa, and Lamu, while promising that the refinery could be completed within four to five years if governments align behind the project. Analysts say the initiative reflects Africa’s growing push toward industrialisation, regional infrastructure integration, and energy self-sufficiency amid rising geopolitical and supply chain pressures in global oil markets.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Shein Courts Boyu and UBS for Cornerstone Support Ahead of Hong Kong IPO

Shein is seeking commitments from major investors including Boyu Capital and...

Uganda Seeks $243 Million Citi Loan to Fund Major Road Project

Uganda is seeking to borrow up to €207.7 million, or about...

Naomi Watts Earns Zurich Film Festival Honour for The Housewife

Two time Oscar nominee Naomi Watts will receive the Golden Eye...

Nigeria’s E1 Racing Ambitions Draw Will Smith and LeBron James interest to Lagos

Nigeria’s growing involvement in the $500 million E1 electric powerboat racing...

Bonang Matheba Reimagines Afro Dandyism in Sculptural Grey Tailoring at the 2026 SAMAs

Bonang Matheba brought a distinctly modern interpretation of Afro Dandyism to...

African Women Shaping Culture Creativity and Influence with Distinction

Across fashion, photography, media, public speaking, and creative entrepreneurship, African women...

Christ Embassy Enters Automotive Sector With Tsion Electric Vehicle Line

Pastor Chris Oyakhilome, founder of Christ Embassy, has unveiled a range...

Absa Eyes Nigeria Expansion as Pan African Banking Ambitions Accelerate

South Africa’s Absa Group is considering expanding its operations in Nigeria...

Related Posts

Uganda Seeks $243 Million Citi Loan to Fund Major Road Project

Uganda is seeking to borrow up to €207.7 million,...

Absa Eyes Nigeria Expansion as Pan African Banking Ambitions Accelerate

South Africa’s Absa Group is considering expanding its operations...

US Lifts 12 Year Security Restriction on Nigerian Vessels

The United States Coast Guard has lifted a 12...

LEAVE A REPLY

Please enter your comment!
Please enter your name here