Despite challenges, Dangote Sugar aims to leverage the funds raised from the Notes to meet its operational and growth objectives.
Dangote Sugar Refinery
-
- Hot News
Africa’s richest man Aliko Dangote’s sugar firm to raise $69.56 million via commercial paper
With banks offering limited options, companies like Dangote Sugar are turning to the fixed-income market for alternative financing.
-
Dangote highlighted the importance of the government’s national backward integration policy, which aims to create a self-sufficient domestic sugar industry by incentivizing …
-
Dangote Sugar’s $49.6-million first-quarter 2024 loss stemmed primarily from a $74-million foreign exchange loss from the group’s business operations.
- West & Central Africa
Africa’s richest man Aliko Dangote’s sugar firm to boost production to 1.5 million tonnes
Dangote Sugar Refinery currently boasts a refining capacity of 1.44 million metric tonnes, making it Nigeria’s largest household and commercial sugar producer.
- West & Central Africa
Aliko Dangote’s sugar firm soars, becoming Africa’s newest billion-dollar empire
This remarkable milestone has further solidified Dangote’s status as the richest man on the African continent.
- West & Central Africa
Aliko Dangote’s sugar empire reports $36-million loss amid naira devaluation
Dangote Sugar has also announced plans for a proposed merger with Nascon Allied Industries Plc and Dangote Rice Limited.
- West & Central Africa
Aliko Dangote reclaims title of richest investor on NGX, as Dangote Cement stake skyrockets to $6.6 billion
The surge in the shares of Dangote Cement, Africa’s largest cement company, was the driving force behind Dangote’s resurgence.
- West & Central Africa
Dangote’s sugar business to merge with rice- and salt-processing outfits, creating giant food conglomerate
The merger between Dangote Sugar and Nascon, along with Dangote Rice, is among the matters to be deliberated during the upcoming board …
-
Dangote commits $700 million to expand sugar business, boost sugar sufficiency in Nigeria.