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Dangote Refinery Targets $2 Billion Private Investment Ahead of Historic IPO Listing

May 10, 2026

Nigeria’s richest industrialist Aliko Dangote has set his sights on Kenya as a potential location for a massive 650,000-barrel-per-day oil refinery that could reshape East Africa’s energy landscape. The plan, valued between $15 billion and $17 billion, signals one of the region’s most ambitious industrial proposals in years, according to a report by the Financial Times. Dangote revealed that Mombasa stands out as his preferred option. He pointed...

Ray Langa shares insights on why Africa’s markets offer lessons for the world economy.

May 5, 2026

The old story that Africa is still trying to catch up with the developed world is becoming harder to defend. According to Ray Langa, the reality is very different. In his view, Africa has already built many of the business systems and survival strategies that global markets now urgently need. This opinion comes at a time when economies worldwide face supply chain disruption, inflation pressure, regulation shifts, and...

Dangote Group dismissed rumours of a rift between Aliko Dangote and Tony Elumelu, while rejecting false claims about Dangote Refinery financing.

May 4, 2026

Aliko Dangote’s company has strongly denied reports claiming he fell out with fellow billionaire Tony Elumelu, describing the viral story as false, malicious, and misleading. In a statement released on Sunday, Dangote Group said there was no disagreement between its President, Aliko Dangote, and the Chairman of Heirs Holdings, Tony Elumelu. The company stressed that neither Dangote nor the organisation made the comments circulating online. The statement, signed...

Scenic view of the Garden Route coastline in South Africa showing luxury homes, green landscapes, and coastal estates popular among expats, retirees, and foreign property investors.

May 3, 2026

The Garden Route in South Africa is experiencing a powerful property surge as wealthy foreigners, returning expats, and domestic semigration buyers push demand for coastal homes and lifestyle estates to new levels. Dr Andrew Golding, chief executive of Pam Golding Property group, said residential growth in the region reflects a wide mix of buyers across generations and borders. He noted that activity now spans local families, retirees, investors,...

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