Tag: Aliko Dangote

Africa’s richest man, Aliko Dangote, cleared to raise $1.6 billion in landmark IPO

Dangote Refinery has received SEC approval for an IPO that could raise $1.63 billion, valuing the 650,000-barrel-a-day facility at $47 billion.

Omokolade Ajayi Omokolade Ajayi

Africa’s richest man, Aliko Dangote, eyes Botswana rail, cement push in $100 billion drive

Aliko Dangote held talks with Botswana on rail and cement projects to support Dangote Group’s push toward $100 billion in revenue.

Omokolade Ajayi Omokolade Ajayi

Dangote family office to expand operations in 2027 as group targets $100 billion revenue

Aliko Dangote’s family office will expand in 2027 as Dangote Group targets $100 billion in annual revenue.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote plans cargo fleet to bypass costly African border taxes

Aliko Dangote plans to acquire a cargo ship fleet to bypass high cross-border road taxes and move industrial exports across West and Central Africa.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote’s refinery sets record as Nigerian fuel exports to Europe rise 767%

Aliko Dangote’s refinery drives a 767% jump in Nigerian fuel shipments to Europe as the company plans a $17 billion expansion in Kenya.

Omokolade Ajayi Omokolade Ajayi

Dangote offers 30% stake in new $16 billion refinery to East African nations  

Dangote refinery Kenya plan could give East African nations a 30% stake in the proposed $16 billion oil project.

Timilehin Adejumobi Timilehin Adejumobi

Dangote Refinery secures $400 million ahead of planned IPO  

Dangote Refinery IPO gets $400 million underwriting backing as the company targets a potential $5 billion listing in Nigeria.

Timilehin Adejumobi Timilehin Adejumobi

Dangote Refinery could get cheaper crude under Nigeria supply reforms

Nigeria is considering crude supply and pricing reforms that could lower feedstock costs for Dangote Refinery and other domestic processors.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote plans $16 billion Kenya refinery, with 70% of funding from debt

Aliko Dangote plans to build a $16 billion refinery in Kenya, with 70 percent of the project expected to be financed through debt.

Omokolade Ajayi Omokolade Ajayi

Tanzania steps up push for Dangote fertilizer, energy investments 

Tanzania seeks Dangote fertilizer investments to expand energy, manufacturing and industrial capacity across East Africa.

Timilehin Adejumobi Timilehin Adejumobi

Aliko Dangote to use $5 billion IPO to expand Lagos refinery, build Kenya plant

Aliko Dangote targets $5 billion from the Dangote Refinery IPO to expand capacity in Lagos and build a new $17 billion refinery in Kenya.

Omokolade Ajayi Omokolade Ajayi

World’s richest Black person Aliko Dangote’s refinery targets $5 billion listing after $2.5 billion pitch

Aliko Dangote targets a $5 billion refinery IPO after a $2.5 billion private placement as the mega refinery prepares to list.

Omokolade Ajayi Omokolade Ajayi