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Investor Memo: The State as Shareholder — Why Aliko Dangote Is Offering East African Governments 30% of His Lamu Refinery

Aliko Dangote is offering East African governments 30% of his Lamu refinery, with Kenya weighing about $500 million for 10%. Why Africa's richest man wants states as co-owners of a $16 billion asset, what that protects, what it costs, and what building in Lagos taught him.
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Billionaires.Africa broke the news on Monday, October 5, 2026.
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