Keep pulling the thread on Aliko Dangote.
Dangote Group plans to guarantee dividend payments in U.S. dollars for investors in its cement, refinery, petrochemical, fertilizer, and port businesses.
Dangote Group projects that 80% of its future revenue will be denominated in U.S. dollars due to its focus on exports.
The Dangote Refinery, the largest single-train refinery in the world, was built with an investment of $20 billion.
The price of urea fertilizer sold by Dangote Group increased from $400 per ton in February to $850 per ton following the crisis in the Middle East.
Dangote Group plans to more than double the capacity of its refinery to 1.4 million barrels per day within the next 30 months.
Dangote Group plans to spend $45 billion on expansion projects between 2026 and 2030.
Dangote Group is targeting annual revenue of $100 billion and a market valuation of over $250 billion by 2030.
Dangote Group aims to increase its annual EBITDA from $3 billion last year to over $30 billion by 2030.
China has dominated the business landscape in Africa due to the absence of American and European competitors.
The Nigerian government is promoting a gas pipeline project to transport gas from Nigeria along the West African coast to Spain, and wants Dangote Group to participate.
Dangote Group is building an LNG plant in Nigeria with a capacity of 12 million tons, comprised of two 6-million-ton trains.
China's export credit agency, Sinosure, has invested approximately $1.2 trillion to support Chinese companies' overseas sales of technology and equipment.