Dangote's sugar company raises $356 million in oversubscribed rights issue after years of losses
Billionaires Africa | 15.08.2026 15:42
Aliko Dangote has pulled in fresh capital to steady a business that has been bleeding money. Dangote Sugar Refinery, Nigeria's largest sugar producer, has raised about $356 million (₦486 billion) through an oversubscribed rights issue, using the proceeds to cut debt and fund a long-delayed push to grow more of its own sugar at home.
