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…
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has stated that Africa loses $90 billion annually to importation of substandard petrol fuel due to lack of refineries in the continent. Speaking during the ongoing West African Refined Fuel Conference held in Abuja, Dangote revealed that, due to the continent’s limited domestic refining capacity, Africa imports…
Africa’s heavy dependence on fuel imports has turned the continent into a dumping ground for substandard petroleum products, Aliko Dangote, has said. The president of Dangote Industries Limited and Africa’s richest man made the remarks during an interview with journalists, where he highlighted the motivation behind building the $19 billion Dangote Refinery. He called for…
Dangote group is set to expand its $2.5 billion fertiliser plant located in Lagos, which will make Africa self-sufficient in fertiliser supplies and significantly reduce import costs. Aliko Dangote said on Friday that the planned production capacity would boost supply needs of the continent in the next 40 months. If the plan is successfully completed…
