Dangote, Nigeria’s oil tycoon rewriting Africa’s story
After going from hawking sweets to his primary schoolmates to becoming Africa’s richest man, Nigerian billionaire Aliko Dangote now stands on the cusp of what could be the continent’s biggest-ever IPO
Femi Otedola returns to Dangote Cement with reported plan to build $700 million position
The reported investment would connect two of Nigeria’s wealthiest businessmen through a substantial minority position in the flagship company of Aliko Dangote’s industrial group
Botswana lands key role in Dangote Refinery’s $2.1billion IPO across Southern Africa
Botswana has been selected to host trading in shares of Dangote Petroleum Refinery and Petrochemicals FZE for Southern African investors, giving the relatively small stock market a prominent role in the continent’s largest initial public offering (IPO) to date
Dangote Refinery makes a stunning turnaround with $4.7 billion profit after last year’s loss as output hits full capacity
The facility, owned by Africa’s richest man, Aliko Dangote, reported a profit of $4.725 billion, compared with a loss in the same period last year, according to a statement released on Tuesday. Revenue more than doubled to $22.5 billion as the refinery processed up to 700,000 barrels of crude oil per day
Africa’s richest man extends record Dangote refinery IPO offer to give more African countries a chance to buy shares
The IPO, launched on September 14 and initially scheduled to close on October 13, aims to raise as much as to fund the refinery’s expansion. The additional time is intended to widen access to the offering beyond Nigeria as Dangote seeks to attract investors from other markets across the continent
Dangote Cement Empowers 40 Farmers, Market Women With Business Support, –
Dangote Cement Empowers Jakura Farmers, Market Women With Funding, Supports 80 Students
Another African country opens up Dangote Refinery IPO to investors as $1.6 billion share sale expands
Uganda’s Capital Markets Authority has approved investors in the East African country to participate in the Dangote Refinery IPO
Dangote Foundation Launches Share Grant for Nigerian Students to Promote –
The Aliko Dangote Foundation (ADF) has launched a Student Share Grant Initiative to help young Nigerians begin their investment journey early, deepen financial literacy and develop an understanding of long-term asset ownership
Meet Samaila Zubairu, the former Dangote executive and AFC boss who helped connect Kenya with Africa’s wealthiest man for a $17bn refinery
During the short meeting at Dangote’s home, Samaila Zubairu carried a proposal tied to Kenyan President William Ruto’s ambition to establish a refinery in the country, one that would eventually evolve into a planned $17 billion project in Lamu
Dangote Says Africa Will Become Fuel Self-Sufficient by 2030 |
Nigerian businessman, Mr Aliko Dangote, has said Africa would largely supply its own refined fuel needs by 2030 as he prepared to launch his $16 billion refinery on the Kenyan coast