26 stories found
The Dangote Group, a Nigerian industrial conglomerate, is highlighted as a behemoth with the potential to significantly reshape the African economy. Its vast operations and investments are seen as a key factor in the continent's economic future.
The Africa Finance Corporation (AFC) is leading a $2.5 billion private placement investment in Dangote Refinery, continuing its long-term partnership with Dangote Group and commitment to African industrial projects.
Dangote Group is proposing to establish a petroleum products storage terminal in Cameroon to enhance regional distribution from its Lekki refinery and bolster fuel supply.
SNPC, Congo's national oil company, has initiated discussions with Dangote Group to secure the supply of refined fuel for the country.
The Niger State Government has appealed to the Dangote Group and other private investors to explore crude oil opportunities in the Bida Basin, aiming to boost private sector participation in the state's extractive industry.
During the Nasarawa Trade Fair, the Dangote Group reiterated its commitment to creating more employment opportunities, aiming to boost economic development in the region.
Dangote Group is planning a significant refinery expansion in East Africa, including a partnership with Kenya and Uganda to build a new refinery in Tanzania. This project aims to boost regional refining capacity.
The Dangote Group has issued a rebuttal against claims circulating on social media that the Tinubu government earns revenue from every bag of cement sold, amidst a rise in misinformation and AI-generated content.
The Nigerian Federal Government, First Lady, NGF, Dangote Group, NNPC, and the Emeka Foundation have collectively donated ₦65 billion to the Community Food Bank Trust Fund.
Dangote Group has extended an offer to East African states to acquire stakes in its planned refinery project. This move aims to foster regional collaboration and investment in the energy sector, potentially impacting the economic landscape of the participating nations.
Tanzania is actively seeking new investments from Dangote Group in fertiliser production, energy, and industrial infrastructure to accelerate its economic development.
Dangote Group has launched a crackdown on illegal haulage, offering a N500,000 reward to whistleblowers. The company warned that drivers and owners of unauthorized goods transported in Dangote trucks face arrest, cargo confiscation, and prosecution.
The NNPP in Ondo State has commended Governor Aiyedatiwa for the planned development of the Olokola Free Trade Zone by the Dangote Group, anticipating a major economic boost for the region.
The Niger State Government is inviting the Dangote Group and other private investors to explore crude oil opportunities in the Bida Basin, aiming to develop the region's oil potential.
The Dangote Group has strongly refuted viral claims about a rift with Tony Elumelu, labeling the reports as false and misleading.
Dangote Group announced plans for a 2026 Pan-African IPO to sell a 10% stake in its $20 billion refinery, aiming to attract further investment.
The Nigerian Army has justified a precision airstrike in Jilli village, Borno State, claiming it targeted a terrorist hub, despite reports of civilian deaths. Survivors have since recounted their ordeal, stating they were legitimate animal traders at Jilli market when the attack occurred, while Amnesty International condemned the incident.
Nigeria has suspended gasoline import permits, a move that is seen as a significant advantage for the Dangote Group.
The Dangote Group has proposed offering East African countries a 30% equity stake in a large refinery project planned for the region, according to a top economic adviser to the Kenyan President.
The Central Bank of Nigeria (CBN) and Dangote Group are among the top nominees for the 2026 Almond Insurance Industry Awards, with the full shortlist and voting details now available.
Residents of Lamu, Kenya, express caution and wariness as the Dangote Group announces plans to finance a proposed 700,000-barrel-per-day oil refinery in the region, recalling past unfulfilled promises.
Dangote Group and Africa Finance Corporation have signed a $600 million agreement aimed at expanding fertiliser production, which is expected to boost food security across Nigeria and Africa.
Aliko Dangote, President of the Dangote Group, reaffirmed his commitment to enhancing food security across Africa. He plans to achieve this through significant investments in large-scale fertiliser production, stating that the continent has the potential to be self-sufficient in food.
Nasarawa State in Nigeria is actively engaging the Dangote Group to expand its industrial investments, leveraging the state's mineral resources to create jobs and stimulate economic growth.
Dangote Group intends to sell approximately 10% of its refinery through an initial public offering (IPO) targeting investors across the African continent.
Afreximbank is supporting the Dangote Group as it targets $100 billion in annual revenue by 2030, a goal that will require an estimated $40 billion in new investments to achieve its continental ambitions.