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Djibouti raises stakes with Sh20.7b Fuelstor energy hub

Fuelstor Terminal project in the Damerjog corridor, backed by Salaam Group. [Courtesy]

Djibouti has started the construction of a Sh20.7 billion ($160 million) energy and logistics terminal that could reshape the region’s economic prospects.

The Fuelstor Terminal project in the Damerjog corridor, backed by Salaam Group, comes at a time when Kenya and Tanzania are pursuing plans to establish an oil refinery and energy hub in Tanga.

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