Tanzania, May 16 -- Dar es Salaam. Nigerian billionaire and President and Chief Executive Officer of the Dangote Group, Aliko Dangote, has proposed a regional partnership involving Tanzania and other East African countries to establish a multi-billion-dollar crude oil refinery.

The proposal was discussed during a high-level meeting with President Hassan at the State House in Dar es Salaam on Saturday, May 16, 2026.

The proposed refinery is estimated to cost about $17 billion.

Under the partnership model, the Tanzanian government and other East African nations would participate through shareholding arrangements, accordingly to a State House statement that was availed to the media in Dar es Salaam on Saturday, May 16, 2026.

The approach...