Africa’s Richest Man Aliko Dangote Secures Record $2.5B Investment Ahead Of Refinery IPO

Investment Corporation of Dubai, CC BY 3.0 , via Wikimedia Commons
Black Enterprise

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The fundraising attracted several institutional investors, including the Africa Finance Corporation and African Export-Import Bank

by Sidnee Michelle

Africa’s richest person, Aliko Dangote, has secured a record $2.5 billion private capital investment for the Dangote Petroleum Refinery and Petrochemicals, providing new funding to expand the facility and advance plans for a future initial public offering, Business Africa reports. 

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