BREAKING: Dangote Storms Kenya With $16 Billion Refinery -To Deliver In 40 Months And Create 60,000 Jobs

Kenyan President William Ruto on Wednesday joined Africa's richest man, Aliko Dangote, to break ground for a new $16 billion refinery in Lamu, Kenya.

Dangote new refinery will be the biggest in East Africa with capacity of 700,000 barrels per day. Dangote stated that the project will be completed in just 40 months,hereby creating a lot of job opportunities for youth.

According to Dangote, the project will create over 60,000 jobs for Kenyans and other Africans. He also said more than 1,000 youths from Lamu will be trained and employed.

Speaking at the event, President Ruto called it a "generational project" that will render help to Kenya and other East African countries like Uganda, Tanzania, Rwanda, Ethiopia and DR Congo.

Ruto added the construction phase alone will inject over KSh 2 billion monthly into the local economy through workers salaries, which will benefit business in accomodations, transportation,food and shops in lamu.

Dangote also announced that 30% of the refinery will be owned by East African countries, with Kenya and Rwanda already taking shares.

He said Africa must stop exporting raw materials and start processing them at home, this will help in the creation of job in Africa and low dependence on imported fuel

"This refinery is not for one country, it is for the whole region,Africa cannot create a long lasting prosperity by exporting what it has and importing what it needs.Dangote said"

The former Nigerian President Olusegun Obasanjo and Uganda's President Museveni also praised the project,many Nigerians are now asking if dangote will build similar company in Nigeria.

Africans must to exporting raw materials rather, producing it on their own in Africa,"he said".

Lamu county Governor issa Timamy also spoke at the event and warn those trying to stop the project through court cases should step down,stating that the project will transform Lamu's economy while protecting the environment and culture of the people.