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Dangote expands East Africa footprint with $660m Ethiopia-Djibouti pipeline

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Tag: Aliko Dangote

Business

Dangote expands East Africa footprint with $660m Ethiopia-Djibouti pipeline deal

Nigerian billionaire Aliko Dangote, Ethiopia and Djibouti are set to develop a $660m refined petroleum products pipeline linking the two East African countries. A spokesperson in the office of Ethiopian Prime Minister Abiy Ahmed disclosed this to Reuters on Thursday. The project will include a 120-kilometre pipeline and storage facilities with a combined capacity of […]

Business

Dangote targets 10 million shareholders in refinery’s IPO

Africa’s richest man, Aliko Dangote, says his company is targeting as many as 10 million shareholders through the ongoing Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals. Dangote disclosed this in a video interview shared on Monday by CNN International correspondent Larry Madowo on X. Madowo told the billionaire that Nigerians on social media […]

Life Style

I’ve lived in the same house for 36 years — Dangote

Africa’s richest man, Aliko Dangote, has revealed that he has lived in his current home for 36 years, saying he has no plans to move because he is comfortable there. Dangote disclosed this during an interview with Arise News on Tuesday, where he spoke about his lifestyle, business interests, and his views on wealth and […]

featured Investment

Refinery investors could become millionaires in two years — Dangote

President of Dangote Industries Limited, Aliko Dangote, has said investors who buy and hold shares in Dangote Petroleum Refinery and Petrochemicals could potentially become millionaires within one or two years if the company’s share price rises significantly. Dangote made this statement in an interview with Arise TV aired on Tuesday while discussing the refinery’s initial […]

featured Life Style

Dangote’s net worth jumps $19.9bn as refinery IPO opens

Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has seen his net worth surge by $19.9 billion to $51.3 billion following the commencement of the initial public offering of Dangote Refinery. According to Forbes’ Real-Time Billionaires List, Dangote’s fortune rose 63.37 per cent from $31.4 billion on Sunday to $51.3 billion on […]

Business featured

VeryDarkMan threatens to sue MTN over unsolicited Dangote IPO message

Social media personality Martins Vincent Otse, popularly known as VeryDarkMan, has threatened to take telecoms giant MTN Nigeria to court over the alleged unauthorised use of his private telephone number for promotional messages about the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering. In a video circulating widely on social media platforms on Monday and […]

Business

Dangote Refinery shares could rise to ₦10,000 — Dangote

President of Dangote Industries Limited, Aliko Dangote, has said shares of the Dangote Petroleum Refinery, currently offered at N525, could rise to N10,000 in the future. Dangote also assured small-scale investors seeking to participate in the refinery’s Initial Public Offering that they would be prioritised in the allocation of shares. He spoke in Hausa during […]

Oil and Gas

Dangote offers ₦500,000 reward to curb illegal haulage

Dangote Industries Limited has launched a public whistleblowing initiative offering a cash reward of N500,000. The reward is for individuals who provide credible information leading to the arrest of offenders or the interception of unauthorised goods being transported with its trucks. The company disclosed this in a statement issued in Lagos. It noted that the […]

featured

Aquaculture investments can create 500,000 jobs, cut $1bn imports – Dangote

The President of Dangote Industries Limited, Aliko Dangote, has said that strategic investments in aquaculture, hatcheries, feed production, fish processing, cold-chain logistics, and export infrastructure could significantly reduce imports, conserve foreign exchange, create more than 500,000 jobs, and position Nigeria as a leading exporter of fisheries products. Dangote made the remarks in Lagos while speaking […]

Dangote names Lekki refinery road after Wigwe
Business

Dangote begins work on 10,000-hectare deep seaport in Ogun

Dangote Industries Limited has begun preliminary steps toward developing a 10,000-hectare deep seaport at the Olokola Free Trade Zone in Ogun State, as part of its wider push into maritime infrastructure, logistics, and export-led industrial development. The company said the multi-billion-dollar project aligns with its Vision 2030 strategy, which aims to establish the group as […]

featured Food

Dangote pledges massive fertiliser push for Africa food security

President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to boosting food security across Africa through large-scale fertiliser investments. He declared that the continent has the capacity to feed itself and become a net exporter of agricultural products. Dangote made this known while addressing journalists in Gode, in Ethiopia’s Somali region. The occasion […]

featured Investment

Dangote boosts Ethiopia fertiliser investment to over $4bn

The President of Dangote Industries Limited, Aliko Dangote, received a hero’s welcome in Gode, Ethiopia, on a visit tied to his group’s fertiliser plant project in the country. He was hosted by Prime Minister Abiy Ahmed. Both men visited the construction site of the proposed facility on Sunday. Ethiopia signed a shareholders’ agreement with Dangote […]

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