Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen its capital structure. Dangote Petroleum Refinery and Petrochemicals has raised approximately $2.5 billion in fresh equity after successfully concluding a private placement that was 3.7 times oversubscribed, the…
Our new book, How we made it in Africa II: Real stories of entrepreneurs turning opportunity into profit, is available here. This interview was first published by the International Finance Corporation A candid conversation between IFC managing director, Makhtar Diop and Aliko Dangote, Africa’s leading industrialist. From energy and fertiliser, to logistics, agriculture and water,…
·Hints at being richer than reported $38bn Emmanuel Addeh in Abuja Africa’s richest man and President of the Dangote Group, Aliko Dangote, has said that he would rather be remembered for helping to industrialise Africa than for the size of his fortune, suggesting that his actual wealth may be significantly higher than estimates by global…
Dangote Industries Limited has further reinforced its status as one of Africa’s most influential corporate brands after emerging as the continent’s Most Admired African Brand for the eighth consecutive year in the latest Brand Africa rankings. The recognition was announced at the 16th annual Brand Africa 100: Africa’s Best Brands awards, unveiled in Addis Ababa,…
Industrial, Social Impact, Development Rankings — Peter Uzoho Dangote Industries Limited has reinforced its position as Africa’s most influential corporate brands after emerging as the continent’s Most Admired African Brand for the eight consecutive year. Also, the Group Chief Branding and Communications Officer of Dangote Industries, Anthony Chiejina, was named among Africa’s 100 Most Influential…
For decades, Africa’s place in the global oil economy was not merely subordinate; it was designed to be so. Crude flowed out. Refined fuel flowed back in. Value accumulated elsewhere. This was not an unfortunate equilibrium but a system built with precision: refining infrastructure in Europe, currencies of trade external, shipping, and pricing settled far…
President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to boosting food security across Africa through large-scale fertiliser investments, declaring that the continent has the capacity to feed itself and become a net exporter of agricultural products. Dangote made this known while addressing journalists in Gode, in Ethiopia’s Somali region, during a high-profile…
Africa’s richest man, Aliko Dangote, says China has become Africa’s dominant business partner because Western countries often fail to provide the financing support needed for large-scale industrial projects, forcing African businesses and governments to lean heavily on Chinese firms. Business mogul and African billionaire Aliko Dangote has said China currently dominates business across Africa because…
Aliko Dangote, Africa’s richest person, yesterday pushed to expand his refining footprint beyond Nigeria, unveiling plans to build a refinery of comparable scale in East Africa in partnership with governments in the sub-region. The proposed project is expected to be completed within four years, especially if East Africa’s regional leaders cooperate, Dangote stressed, kicking against…
Cairo, Egypt — African Export-Import Bank (Afreximbank) is proud to announce that it is supporting Dangote Group, as it seeks to expand its operations and grow its turnover to US$100 billion by 2030. The Group’s leadership presented its long-term growth strategy “Vision 2030: Supercharging Dangote Group for Long Term Success” to the Afreximbank Board of…
