Dangote

Africa's wealthiest individual, Aliko Dangote, who heads the Dangote Group, has announced ambitious plans to collaborate with Kenya and Uganda on a significant oil refinery project in Tanzania. This proposed facility is inspired by his landmark operation in Nigeria, which has a capacity of 650,000 barrels per day. During a recent conference that featured key figures like Kenya's President William Ruto and Uganda's President Yoweri Museveni, Dangote expressed optimism about the project. He emphasized that its success hinges…

Dangote Petroleum Refinery has categorically denied a report alleging that the facility is shutting down for maintenance, labeling the claim as "false and misleading." In a statement issued on Monday, refinery officials emphasized that production is currently ongoing, stable, and uninterrupted. This announcement comes in response to a wave of misinformation that has circulated online regarding the refinery's operational status. The Dangote Petroleum Refinery, situated in Lagos, Nigeria, is one of the largest in Africa and…

Aliko Dangote signs US$1 billion investment deal with Zimbabwe Aliko Dangote, widely regarded as Africa’s richest man, has signed a landmark US$1 billion investment agreement with the government of Zimbabwe, officials said, marking a significant vote of confidence in the country's economy under President Emmerson Mnangagwa. Deal scope and sectors According to the terms announced after a meeting between Dangote and President Mnangagwa, Dangote’s conglomerate will channel funds into cement manufacturing, power generation…

Ethiopia Bets on Homegrown Fertilizer as Dangote Signs $2.5 Billion Deal in Somali Region For a country where seven in ten people make a living from the land, the announcement landed with the weight of a good rain. Ethiopia will partner with Nigeria’s Dangote Group to build one of the world’s largest urea fertilizer complexes in Gode, in the Somali Regional State—an arid corner better known to many Ethiopians as a frontier than a factory town. The deal, framed as a bid for “food sovereignty,” is also a test of whether East…

"Today is the economy" portrays Nigerian billionaire Aliko Dangote, founder and head of the conglomerate that bears his name and Africa's first fortune. He created his fortune in Nigeria but his dream goes beyond his country. Aliko Dangote: “We have a lot to do. We must liberate Africa economically from Africans. The only way we can thrive is for Africans to control their economies alone. The strangers will see what we do, then they will join us. Of course, we can not grow alone, but we have to lead. ” The core of…