Africa’s richest man Aliko Dangote strikes deals in India to boost refinery, fertilizer plans

Billionaires Africa | 26.11.2025 22:53
Aliko Dangote, Africa’s 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 Africa’s fuel supply and reduce the region’s dependence on imports.