Aliko Dangote

The Republic of Congo expects potash production to resume in early 2027 through a Chinese-backed project, which will precede Aliko Dangote's planned $3 billion venture.

Aliko Dangote plans to invest in Tanzania's ports, power, and roads as part of his expansion strategy. He met with Tanzania’s president to discuss mutually beneficial sectors, with formal talks to finalize a deal. Dangote’s existing projects include an oil refinery in Nigeria and a planned second plant in Kenya.

Aliko Dangote and President Samia Suluhu Hassan agreed on a roadmap for a new port, a 2,000 MW power plant, and a urea complex in southern Tanzania. The projects are part of Dangote's expansion plans in the region.

Dangote Refinery’s $4 billion IPO, valued at $40 billion, is poised to be Africa’s largest listing and a landmark for Nigeria’s stock exchange. The Nigerian Stock Exchange CEO, Temi Popoola, highlighted its potential to attract global investment and strengthen the exchange’s role in economic transformation. The refinery, now operating at full capacity and leading aviation fuel exports, has driven market growth and a 51% return for the exchange’s index in 2025.

East African states are considering a 650,000-barrel-a-day oil refinery proposed by Aliko Dangote, who now prefers Kenya's Mombasa over Tanga as the project's location. The initiative was first reported by The Rio Times.

Africa’s richest person, Aliko Dangote, is sparking investor fever in Nigeria through his $40 billion IPO, leading people to open trading accounts due to fear of missing out (FOMO). The IPO is highlighted by Bloomberg as a significant event in the region.

Aliko Dangote, Africa’s richest man, made a $20bn investment that critics label as crony capitalism, while he claims it reflects Asian-style economic development strategies.

Aliko Dangote claims his Lagos refinery is valued at over $40 billion, contradicting Forbes and Bloomberg. The valuation is being tested by an upcoming pan-African IPO.

Aliko Dangote, Africa's richest man and President of the Dangote Group, expressed a desire to be remembered for industrialising Africa rather than his wealth, noting his actual fortune may exceed global estimates.

Johann Rupert has reached a $20 billion net worth on the Bloomberg index, becoming Africa's second-richest person after Aliko Dangote, driven by his stakes in Richemont and Mediclinic.

Africa's largest-ever share sale is approaching as Aliko Dangote's refinery prepares to list on six exchanges. The event is highlighted in the Africa Intelligence Brief published by The Rio Times.

Aliko Dangote plans to list his $20 billion refinery on the Nigerian Exchange and five other African bourses, marking what would be the continent's largest IPO. The refinery is described as a major project across the continent.

Dangote's refinery achieved 700,000 barrels per day in a test, exceeding its rated capacity. The project, costing $20 billion, is owned by Aliko Dangote, Africa’s richest man, as its IPO approaches.

Dangote Refinery is preparing for Africa’s largest-ever IPO, aiming to raise $5 billion with a $50 billion valuation by listing on multiple African stock exchanges. The refinery, which began operations in 2024, has expanded its capacity and is supported by financial institutions like Standard Bank and the Public Investment Corporation.

Dangote Refinery is seeking to raise $1 billion through a private debt sale. Aliko Dangote is associated with the refinery.

Aliko Dangote announced the expansion of a mega oil refinery in Nigeria, which opened seven years late, amid skepticism about its ability to quickly scale operations. The refinery is part of Dangote Industries Ltd.'s site in Lagos's Ibeju Lekki district.

Dangote's refinery has attracted $2 billion in demand for its private placement offering, demonstrating strong investor interest. Aliko Dangote, the group's president and CEO, is leading the initiative. This significant capital raise underscores confidence in the refinery project's viability and growth potential.

The inaugural Africa Forward Summit in Nairobi announced nearly $50 billion in investment commitments, including Nigerian industrialist Aliko Dangote's $16-20 billion East African oil refinery project backed by Kenya, Tanzania, and Uganda. French President Emmanuel Macron co-hosted the summit with Kenya's President William Ruto and announced $27 billion in French and African company projects across energy, AI, agriculture, and logistics.

Dangote plans to build a new oil refinery in Mombasa, modeling his recent project in Lagos, Nigeria. The refinery will be located in East Africa. This project is expected to have significant economic implications.

Aliko Dangote's group is planning to sell more dollar bonds to fund growth. The move aims to support expansion and investment. Details of the bond sale have not been disclosed.

Billionaire Aliko Dangote is increasing jet fuel exports from his Lagos-based refinery to Europe amid supply disruptions caused by war. The Dangote refinery, one of the world's largest, is capitalizing on reduced global supply to meet European demand.

Aliko Dangote, a prominent Nigerian business magnate, plans to launch a Pan-African IPO for his continent's largest refinery, aiming to boost economic growth and infrastructure development. The initiative highlights Dangote Group's significant role in Africa's energy sector.