Dangote Offsets $2.4bn of Refinery’s $5.5bn Debt, Targets $30bn Revenue Amid Plan to Venture into Steel Production

Africa’s richest person and founder of the Dangote Group, Aliko Dangote, announced on Monday that he has paid off approximately $2.4 billion of the $5.5 billion borrowed to build his $19 billion refinery located near Lagos. This disclosure was made during the Afreximbank Annual Meetings (AAN) and the AfriCaribbean Trade & Investment Forum. The 650,000 … Continue reading Dangote Offsets $2.4bn of Refinery’s $5.5bn Debt, Targets $30bn Revenue Amid Plan to Venture into Steel Production