Tag Archives: Aliko Dangote

The oil firm borrowed $5.5 billion and has since paid interest and some principal of over $2.4 billion ANALYSIS | ISAAC KHISA & AGENCIES | Global and local oil mafias, alongside international banking interests, attempted to thwart the establishment of a major oil refinery in Nigeria, according to Nigerian industrialists, Aliko …

Although it is a large crude oil producer, country has faced challenges supplying its citizens with refined oil products Lagos, Nigeria | AGENCIES | The world’s largest single train refinery was on May 22 commissioned in Nigeria. The $20 billion giant refinery was built by the Dangote Group which is owned …

For the third year in a row, Dangote Group has topped the Brand Africa 100 table of the most admired African brands in Africa. We spoke with Tony Chiejina, the group’s chief brand and corporate communications officer, to find out what keeps it there The Brand Africa 100 is a valuation and ranking …

Kano, Nigeria | AFP | Workers in the northern Nigerian city of Kano set out rows of new hospital beds inside two cavernous tents that have been hastily erected on the pitch of an empty football stadium. The facilities have been built to become an isolation centre for COVID-19 patients as …

Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, has unveiled a full operation in the United Kingdom, opening up trade opportunities between the continent and European nations. This follows authorization of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for UBA (UK) Limited …

Africa needs another one million university-trained researchers to tackle its pressing development challenges COMMENT | ALIKO DANGOTE | It is time for an entrepreneurial and knowledge revolution in Africa. Only a properly educated workforce and entrepreneurial class will have the skills and drive to thrive as new technologies change the nature …

Kampala, Uganda | THE INDEPENDENT | Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth a combined $75.4 billion, compared to $70 billion in January …

Making it easier, safer, and financially attractive for private investors to enter markets would boost competition, lower costs  By Carlos Lopes, Tony Elumelu, and Aliko Dangote Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and …