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Nigerian tycoon Aliko Dangote invests $25 billion in oil, cement, and sugar in seven years

Nigerian billionaire Aliko Dangote announces over $25 billion in investments across oil, cement, and sugar sectors, aiming to bolster Africa's self-sufficiency and economic potential.

Nigerian tycoon Aliko Dangote invests $25 billion in oil, cement, and sugar in seven years
Aliko Dangote

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African Wealth Briefing — Sat., May 9, 2026

African Wealth Briefing — Sat., May 9, 2026

Aliko Dangote plans a London listing of $13 billion Dangote Cement, reviving the 2018 attempt; Femi Otedola makes $36.5 million in paper gains as First HoldCo surges 10 percent on record Q1 results; Cobus Loots's Pan African Resources moves on a $219 million Emmerson Resources acquisition.

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