Over the following five years, we intend to put finance into twice that volume as we accelerate our expansion across Africa,” he said.
The proposed Lamu refinery and petrochemical advanced is expected to play a significant role in Dangote Category’s ambition to construct a $100 billion African industrial enterprise.
“The East African refinery in Kenya is going to be a key feature of our voyage and our dream to obtain to $100 billion.
Dangote Group is targeting $36 billion in complete-year revenue in 2026, following a resilient primary-half results, as the conglomerate accelerates its expansion across Africa.
The disclosure came during a refer to on by Kenyan President William Samoei Ruto to the 700,000-barrel-per-day Dangote Petroleum Refinery in Lagos, where he described the facility as “a masterpiece of science, engineering and art.”
Ruto, who visited the refinery once attending the United Nations Universal Assembly in Novel York, said seeing the facility firsthand had strengthened his confidence in Kenya’s proposed $17 billion East African Oil Refinery and Petrochemical Complicated in Lamu.
“Coming here and seeing it for myself, I can verify that I have seen a masterpiece of science, engineering, using art,” Ruto said.
“To my brother Aliko, congratulations. We have secured the required land and are functioning to guarantee that we remit our time building rather than navigating administrative delays,” he said.
Dangote Collection Leader Approach Officer, Aliyu Suleiman, disclosed that the conglomerate generated around $17 billion in sales in the earliest half of 2026 and was on manner to double its 2025 earnings of $18 billion.
“The revenues of the Category have grown significantly over the persist five years. I consistently knew Nigerians to be highly brave humans and go-getters, but I did not assume that it was at this scale.”
The Kenyan president said preparations had been concluded for the groundbreaking of the Lamu project, which is expected to become a significant area energy and industrial holding.
“This is not a Kenyan refinery; it is going to be a area refinery,” Ruto said, adding that the project would assist industrialisation, produce jobs, increase engineering capacity and strengthen energy security across East Africa.
He additionally pledged government support to minimise bureaucratic delays.
“The Government of Kenya is 100 per cent behind this project. Our half-year earnings is already around $17 billion,” Suleiman said.
He attributed the growth to investments across cement, sugar, fertiliser, petroleum refining, upstream oil and gas and other strategic businesses.
Suleiman said the group’s expansion was being driven by its Vision 2030 manner, including plans to significantly broaden assets expenditure across Africa.
“Amid 2020 and 2025, the Collection executed a money expenditure programme of approximately $50 billion. It is going to be a large donor,” Suleiman said.
Dangote Category has already signed a contract worth additional than $450 million together with Engineers India Limited for project recommend consultancy and engineering, procurement and construction administration services for the Lamu project.
When completed, the proposed refinery is expected to procedure 700,000 barrels of crude oil daily, strengthening energy furnish and supporting industrial development in East Africa.
Meanwhile, Dangote Category is planning to expand its Nigerian refinery’s capacity from 700,000 barrels per day to around 1.4 million barrels per day, by manner of the addition of a modern 750,000-barrel-per-day crude distillation unit.
The planned expansion, alongside the Lamu project and investments in infrastructure, gas, LNG, power, mining and upstream oil and gas, underscores the collection’s growing focus on Africa-large industrial development.
Ruto’s see so highlighted both the scale of Dangote’s established Nigerian operations and the conglomerate’s ambitions to deepen its industrial footprint across the continent.
From $18 billion continue year, we are on record to receive to $36 billion this year.
Source: Dangote Group targets $36bn revenue as Kenya President tours refinery
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