Aliko Dangote, president of Dangote Industries Limited, has pledged to build a $550 million hostel at the Federal University of Technology, Owerri (FUTO), Imo state. Dangote made the commitment on Saturday after commissioning the ACE-Fuels ELECTROLAB-X (Electrochemical Lab for Accelerated Breakthroughs and Exponential Energy Technologies) at the university. “I am going to build a hostel…
Africa’s richest man, Dr. Aliko Dangote, has issued a seven-day ultimatum to a Kaduna-based businessman, Engr. Kailani Mohammed, demanding a full retraction and public apology over alleged defamatory statements or face a N100 billion lawsuit. Dangote made the demand through his legal counsel, Dr. Ogwu James Onoja (SAN), in a letter dated December 20, 2025….
Aliko Dangote disowns misinformation. He does not believe in claims that US President Donald Trump does not support Dangote Refinery. Rather he says Trump is pleased with the project. Dangote’s claim allays fears in the oil industry in Nigeria. Background on the Refinery The Dangote Refinery stands as a massive $20 billion investment. Located in…
Although 2025 is coming to a close, Africa’s wealthiest entrepreneurs have recorded notable changes in their net worth due to market shifts, political developments, and strong business performance. The richest entrepreneurs in Africa 2025 continue to expand their empires through strategic investments and diversified businesses, highlighting the continent’s growing economic influence. According to Forbes, here…
President Emmerson Mnangagwa has announced a landmark investment partnership between the Zimbabwean government and the Dangote Group, led by Nigerian billionaire Aliko Dangote. This deal aims to accelerate industrialisation and boost economic growth in the country. Focus on Key Sectors The agreement, signed during Dangote’s visit to Harare, targets energy, cement, fertiliser, and infrastructure projects….
