Ruto Accuses Lamu Refinery Court Challengers of Extortion, Urges Kenyans to Invest

Ruto has said the refinery will be structured as an open investment in which Kenyans can acquire shares through the Nairobi Securities Exchange (NSE).

NAIROBI, Kenya, Sep 30 – President William Ruto has accused individuals challenging the planned Sh2.2 trillion East Africa Oil Refinery in Lamu through court cases of seeking to extort investors, as he urged Kenyans to participate in the project.

Ruto said the refinery should proceed despite legal challenges surrounding the land earmarked for the project, maintaining that the investment would create jobs and stimulate industrial development.

The President made the remarks following the groundbreaking of the refinery on Wednesday. The project is designed to process 700,000 barrels of crude oil per day and is expected to serve markets in Kenya and the wider East African region.

He previously said the government would facilitate the participation of ordinary Kenyans in the investment rather than leave ownership to a small group of investors.

Source: Capital FM