04/10/2026
VIFFA Managing Director was featured on TV 47 Kenya where he evaluated the potential socio economic impact of the proposed Dangote Refinery in Lamu. Victor welcomed the FDI by Dangote group but cautioned that such an investment must be within the ambit of
(1) Kenya's constitution especially on full public disclosure on shareholding, land whether location is in the SEZ within LAPSSET or not ,
(2) Backed by objective impact assessment especially impact on local tourism and livelihoods,
(3) Economic value in terms of taxes, product price and jobs coupled with negotiated guarantees on
(a) Training local communities,
(b) CSR on community priorities and
(c) Technological transfer and backward linkages to local MSMEs to establish local manufacturing of related products such as fertiliser etc and the planned Government of Kenya's support to ensure success such financing, incentives training etc to guarantee significant participation outside of selling food and being drivers
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