AFRICA MUST INVEST IN AFRICA
The Dangote Model: A Call for African Billionaires and Leaders to Rethink the Future of Our Continent The recent groundbreaking ceremony for Alhaji Aliko Dangote's $16 billion oil refinery project in Lamu, Kenya, on 30 September 2026, has once again brought an important question to the forefront of Africa's economic future: What if more African billionaires invested their fortunes in building industries rather than merely accumulating wealth? Dangote's latest investment is not just another business venture. It represents an ambitious attempt to demonstrate how African capital, entrepreneurial vision and industrial investment can contribute to the economic transformation of the continent. The planned refinery, with a capacity of 700,000 barrels per day, is expected to serve several East African markets, create employment and reduce dependence on imported refined petroleum products. It is an example of how one investor's ambition can extend beyond national ...