Aliko Dangote sets 2028 IPO for fertilizer arm he says will be the world's biggest
Aliko Dangote says his fertilizer business will hold an IPO in 2028, once an expansion to 12 million tons a year makes it the world's largest urea producer.
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Aliko Dangote says his fertilizer business will hold an IPO in 2028, once an expansion to 12 million tons a year makes it the world's largest urea producer.
Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.
Billionaire Aliko Dangote says his refinery could pursue a U.S. secondary listing in about three to four years after establishing a public trading record in Nigeria.
Dangote Group will order vessels from Chinese shipyards, with first deliveries as early as 2029, as refinery expansion drives cargo demand.
Aliko Dangote's Dubai family office will become visible in the first quarter of 2027, his daughter Halima says, taking on governance, capital management and philanthropy for a group built to survive eight to 10 generations.
Aliko Dangote will fund 70 percent of his $16 billion Lamu refinery with debt and says it needs protection from cheap imports.
Aliko Dangote told reporters at the Lekki refinery the IPO will launch in September with private placement requests already approaching $2 billion.
Aliko Dangote told the CEO of Norway's sovereign wealth fund he plans to invest $45 billion more and double his refinery capacity to 1.4 million barrels per day within 30 months.
Aliko Dangote has raised the Dangote Group's investment in Ethiopia to over $4 billion, making it the 2nd largest destination of his African spending.
Aliko Dangote's net worth has surged to $35.9 billion, a year-to-date gain of $5.92 billion, as his refinery dominance, cement expansion and Kenya refinery plans accelerate his wealth creation in 2026.
Aliko Dangote flew to Oslo for a fireside meeting with the CEO of the world's largest sovereign wealth fund to discuss an Africa partnership.