[Video] Aliko Dangote Discusses Details of $9bn Oil Refinery Project

By Kgothatso Kage Kgiba

Africa’s richest man, Aliko Dangote, Chief Executive Officer of Dangote industries, signed a mega deal to invest $9billion into establishing a new oil refinery in Nigeria, which will be the largest in Africa.

The refinery, which is planned to become operational in the third or fourth quarter of 2016 will easily be the largest in Africa and will turn Africa’s leading producer of crude oil to a net exporter of refined petroleum products and fertiliser.

In the video, Dangote gives details of the players in the financial consortium behind the plan and he also discusses the importance of African countries developing their own economies and not relying on other countries for assistance.


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital