Nigerian tycoon Aliko Dangote invests $25 billion in oil, cement, and sugar in seven years
Nigerian billionaire Aliko Dangote announces over $25 billion in investments across oil, cement, and sugar sectors, aiming to bolster Africa's self-sufficiency and economic potential.
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MRS, majority owned by Dangote’s half-brother Sayyu Dantata, rakes in $203 million revenue
The growth was fueled by higher sales of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and lubricants.
After Saudi shipment in February, Aliko Dangote’s refinery sends jet fuel to the U.S.
Beyond the local market, the refinery has expanded its reach across Africa, supplying diesel and aviation fuel to Cameroon, Angola, Ghana, and South Africa.
5 investment strategies by Africa’s richest man, Aliko Dangote
Dangote's empire thrives on diversification, with investments spanning cement, sugar, and oil refining, ensuring stability and long-term growth amid economic fluctuations.
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