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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 — Fri., May 1, 2026

African Wealth Briefing — Fri., May 1, 2026

Arthur Eze loses another oil block as South Sudan strips Oranto of Block B3, Koos Bekker loses $500 million as Naspers and Prosus slide 24%, Dangote Cement posts $233 million in Q1 profit, and BUA Foods grows Q1 profit to $103 million even as revenue falls 11%.

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