Aliko Dangote , Africas richest businessman and president of the Dangote Group, is pushing ahead with one of the most ambitious energy build-outs on the continent, signing new deals in India aimed at raising the capacity of his Lagos-based refinery to 1.4 million barrels per day. The agreement, sealed yesterday with the Honeywell Group, marks a major step in his effort to secure Africas fuel supply and reduce the regions dependence on imports.
Honeywell, EIL deals support expansion
The Nigerian billionaire industrialist, who has spent more than 40 years building the Dangote Group from a small trading outfit into Africas most diversified manufacturing and industrial conglomerate, also finalized partnerships tied to fertilizer production in Ethiopia and held talks on possible investments in Indias data-center market. His group maintains a broad footprint across cement, food, petrochemicals and agriculture, with a 52-million-ton cement capacity.