Africa's richest man $1.4 billion highway in return for tax credits
Work has begun on a 401-kilometer highway in central Nigeria that Aliko Dangote's group is financing at a cost of ₦1.83 trillion ($1.37 billion).
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Work has begun on a 401-kilometer highway in central Nigeria that Aliko Dangote's group is financing at a cost of ₦1.83 trillion ($1.37 billion).
Africa's richest man is preparing to sell about 10% of Africa's largest cement maker to global investors through a London listing as soon as November.
Africa's richest man pitched Egypt as a core market for his industrial empire as the Cairo bourse studies letting locals own his companies.
Africa's richest man says retail buyers putting ₦50,000 or less into his oil refinery's record IPO will be served first if the offer is oversubscribed.
A Kenyan court lifted an order that halted Aliko Dangote's $16 billion Lamu refinery after residents opposing the project cited the wrong land parcel.
Africa's richest man is using Botswana's stock exchange and Access Bank Botswana to bring Southern African investors into his record refinery share sale.
Dangote's Lagos refinery made $4.7 billion in nine months, reversing a loss a year earlier, as investors weigh its $1.6 billion share sale.
Aliko Dangote's refinery has asked Nigeria's Court of Appeal for leave to challenge a judgment that keeps fuel import licences flowing to three rival marketers.
Aliko Dangote has extended his $1.6 billion refinery IPO by two weeks to let more Africans buy shares, saying demand already far exceeds the offer.
Nigeria's finance minister says the country does not have enough crude to supply Aliko Dangote's giant Lagos refinery, forcing the billionaire to import oil.
Pressure is building in Kenya for the government to publish the terms of Aliko Dangote's $16 billion Lamu refinery, including taxpayers' share.
Ogun State's $7 billion port deal with DP World has raised questions about Aliko Dangote's 80% stake in the existing Olokola free trade zone venture.
Uganda’s markets regulator has opened Aliko Dangote’s $1.6 billion refinery IPO to high-net-worth and professional investors, days before the offer closes on Oct. 13.
Kenya's Capital Markets Authority has approved a depositary receipt route for Kenyan investors to buy into billionaire Aliko Dangote's $1.6 billion refinery IPO, the first such deal under its GDR rules.
Forbes values Aliko Dangote at $51.7 billion, more than the combined wealth of South Africa's eight billionaires, while Bloomberg's index puts his fortune at $35.7 billion.
Kenya's High Court has certified as urgent a petition seeking disclosure of the money, land and guarantees behind the state's stake in Dangote's Lamu refinery.