By Charles Muchoki | Africa Guardian Aliko Dangote, the founder of Dangote Group, has urged African business leaders to take the helm in driving the continent’s transformation. Speaking at the African Renaissance Retreat in Kigali, Rwanda, Dangote highlighted that despite Africa’s numerous challenges, its youthful population and vast natural resources—including about 30% of the world’s mineral reserves and the…
By Edson Baraukwa | Africa Guardian Nigerian industrialist Aliko Dangote has once again claimed the title of Africa’s richest person, according to the Bloomberg Billionaires Index. Dangote, the 66-year-old founder and CEO of the Dangote Group—a conglomerate involved in cement, sugar, and oil—has surpassed South African billionaire Johann Rupert, who briefly held the top spot in late August. As…
By Edson Baraukwa | Africa Guardian Aliko Dangote, Chairman of Dangote Group, has announced that the Dangote refinery is poised to meet the petrol demands of not only Nigeria but also the entire sub-Saharan region. The refinery, with a production capacity of 650,000 barrels per day, has commenced petrol production. Speaking to the press during a recent inspection of…
Our Correspondent | Africa Guardian South African luxury goods tycoon Johann Rupert has claimed the title of Africa’s richest man, surpassing Nigeria’s Aliko Dangote. The 74-year-old Rupert, who controls the world’s largest luxury watchmaker, Cie Financiere Richemont, through a family trust, now leads the continent’s billionaires. Richemont, based in Bellevue, Switzerland, owns prestigious brands such as Jaeger-LeCoultre and Cartier….
Aliko Dangote’s highly anticipated $19 billion refinery will finally begin operation today, Monday, May 22, 2023. The Dangote Refinery, located in the Lekki Free Trade Zone of Lagos, is set to be Africa’s largest oil refinery, with a capacity to process 650,000 barrels of crude oil daily. Punch reports that the refinery has been designed to process crude oil…
African business tycoons top the black billionaires 2023 list ___ The 2023 Forbes Billionaires List stands as a powerful testament to the increasing wealth and success of black individuals worldwide. With each passing year, the list continues to expand, showcasing the growing influence and power of black people on a global scale. Below are the notable black individuals who…
– Members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) who recently paid a visit to Aliko Dangote’s multi-billion-dollar refinery disclosed that the refinery is 97 per cent near completion. The NMDPRA disclosed the news in Abuja when representatives of the Dangote Petroleum Refinery presented the work plan for the facility for 2022/2023, Daily…