Africa's richest man Aliko Dangote says his $16 billion Kenya refinery needs state protection
Aliko Dangote will fund 70 percent of his $16 billion Lamu refinery with debt and says it needs protection from cheap imports.
Dangote Group
Aliko Dangote sets September IPO launch for $50 billion refinery as pre-orders near $2 billion
Aliko Dangote told reporters at the Lekki refinery the IPO will launch in September with private placement requests already approaching $2 billion.
Africa's richest man plans to double his refinery and invest $45 billion more as he targets a $200 billion group valuation
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 raises Ethiopia investment to $4 billion, making it the 2nd largest recipient of his continental spending
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 just crossed $35 billion, jumped to 65th richest globally and added $3 billion in two weeks
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.
Norway's $1.9 trillion fund eyes partnership with Dangote Group
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.