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…
African Export-Import Bank (Afreximbank) is pleased to announce that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). Afreximbank and Access Bank were appointed co-Mandated Lead Arrangers for the five-year facility to consolidate existing financing, optimise its capital structure and align with…
Dangote Petroleum Refinery & Petrochemicals has begun exporting fuel across Africa after reaching full production capacity, marking a shift in regional fuel supply dynamics. The refinery shipped about 456,000 tons of petroleum products in its first export wave, representing less than a fifth of its monthly output. The facility ramped up to its full capacity…
Dangote Cement Plc has reaffirmed its commitment to making Africa fully self-sufficient in cement production, strengthening the continent’s industrial backbone and reducing reliance on imported construction materials. Speaking during a strategic briefing on the company’s expansion drive, the Group Managing Director of Dangote Cement, Mr. Arvind Pathak, emphasised that the company is accelerating its investments…
As global aid to Africa’s education sector faces a steep decline, Human Capital Africa (HCA), the Nigerian Economic Summit Group (NESG), the Aliko Dangote Foundation, and the African Philanthropy Forum, yesterday, unveiled coalitions to tackle the continent’s worsening learning crisis. They include; the African CEOs’ Coalition for Foundational Learning and the Africa Philanthropy Coalition for…
President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has called for the prioritisation of food security and self-sufficiency across Africa, stressing the continent’s vast agricultural potential. Speaking over the weekend at his Lagos office, during a courtesy visit by the AfricaRice Centre, a pan-African Centre of Excellence for rice research, development, and capacity building, Dangote…
Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, has once again retained his position as Africa’s wealthiest man, topping Forbes’ Real-time Billionaires List with a net worth of $24.4 billion and ranking 88th globally. The latest ranking, released at the weekend, underscores Dangote’s unmatched dominance in Africa’s wealth hierarchy, where he stands far…
