Dangote Urea fertilizer plant set to open in the first quarter of 2021

NIGERIA – Dangote Industries Limited has announced that its US$2.5 billion Granulated urea fertilizer plant which is located at Ibeju Lekki, Lagos State is set to commence full operation in the first quarter of 2021 after its take off suffered some setbacks owing to disruptions caused by the COVID-19 pandemic. The Dangote Urea fertilizer plant is set-up to boost food sufficiency in Nigeria by Africa’s leading conglomerate, Dangote Industries Limited. According to recent information, the newly completed fertilizer complex is said to have gulped US$2.5 billion under the first phase…

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Dangote Sugar completes Savannah Sugar acquisition, cements position as sub-Saharan Africa’s largest sugar processor

Dangote Sugar’s completes Savannah Sugar acquisition

NIGERIA – Dangote Sugar Refinery, Nigeria’s largest sugar processor has completed the acquisition of rival Savannah Sugar Company, a move that has further cemented its position as the top sugar refiner in sub-Saharan Africa.  A statement from Dangote Sugar revealed that the sugar processor had received the final approval from its shareholders early this month to complete the acquisition of its competitor in the sugar manufacturing industry. The statement from Dangote Sugar had explained that the acquisition was sought in a bid to enhance the processor’s production capacity and further…

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Private sector donates 150-bed fully equipped isolation facility to Lagos state, Nigeria

NIGERIA – The Private Sector led Coalition Against COVID-19 of Nigeria (CACOVID) has donated a 150-bed isolation centre and medical equipment worth millions of naira to the Lagos State Government. Gov. Babajide Sanwo-Olu of Lagos State, speaking at the inauguration of the centre in Yaba, said the facility would assist the state government to enhance its COVID-19 pandemic response. Sanwo-Olu commended CACOVID for the donation, pledging that it would be judiciously used to reduce the spread of COVID-19 in the state, and indeed Nigeria. He urged the citizens to continue…

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Dangote Industries to build new oil refinery in Nigeria to process oil for local and export markets

NIGERIA – Dangote Industries, one of the largest indigenous conglomerates in sub-saharan Africa is in the process of building a refinery with a capacity of 650,000 barrels of oil per day (bpd). According to Dangote Industries, the refinery, described as the world’s biggest single-train facility, will have the capacity to meet Nigeria’s requirement of all liquid products, such as petrol, diesel, kerosene and aviation fuel, and will have a surplus of each of the products for export On July 29, Sinopec Corporation announced that the world’s largest atmospheric tower, a…

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Africa’s health and wellness sector has potential to create millions of jobs

AFRICA – Africa should stop exporting much-needed jobs to other continents and invest in its pharmaceutical industry, in particular, to provide for its people and create jobs for its unemployed youth, Economic Commission for Africa’s (ECA) Executive Secretary, Vera Songwe, said Tuesday. Speaking at the Africa Business Health Forum for 2019, Ms. Songwe said Africa could create more than 16 million jobs if the public and private sectors collaborated and invested enough in the drugs industry. Africa, she said, currently imports $14 billion worth of its pharmaceuticals from outside, a…

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Dangote, UNECA launch initiative to promote health services in Africa

ETHIOPIA – Aliko Dangote Foundation, GBCHealth, and United Nations Economic Commission for Africa (UNECA) have launched a joint venture health platform, the African Business Coalition for Health (ABC Health), in a move to boost health care services in the continent. The platform was launched in Ethiopia during the 32nd African Union Summit which had brought together heads of governments and business community leaders across Africa. ABC Health is aimed at bringing together Africa’s key decision makers in exploring opportunities for propelling the continent’s economic growth through business partnerships and investments…

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