Aliko Dangote News
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Aliko Dangote, Africa’s wealthiest man, says he has negotiated loans of $4.25 billion from banks to build a refinery to help the continent’s largest crude oil producer reduce gasoline imports.
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Dangote Cement Plc, Nigeria’s largest company and Africa’s biggest producer of the building material, said second-quarter revenue will total 98.5 billion naira ($623.3 million) as demand was “strong” this month.
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Dangote Cement Plc, Africa’s biggest producer of the building material, said it plans to more than double annual total output to 55 million metric tons by 2015, more than the 51 million forecast last year.
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Dangote Cement Plc, Nigeria’s largest company and the continent’s biggest producer of the building material, said full-year profit gained 24 percent as increased capacity improved sales.
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An end to sugar quotas in the European Union, expected by the EU Council as early as 2017, may promote trade of the sweetener within Africa as Ethiopia and Nigeria plan to raise output, said Ecobank Transnational Ltd.
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Dangote Cement Plc jumped the most on record as investors speculated Nigeria’s biggest company by market value will increase full-year profit.
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Dangote Cement Plc, whose merger with Benue Cement Co. makes it Africa’s biggest producer of the building material by capacity, plans to raise capacity more than fivefold by 2015 through expansion amid a construction boom in Africa, Chief Operating Officer Kunle Alake said.
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Dangote Cement Plc , Nigeria’s biggest company by market value, plans to raise funds in a London share sale before the end of 2012 as it moves to more than double output in two years, Chairman Aliko Dangote said.
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Dangote Cement Plc , Africa’s biggest producer of the material by capacity that listed in Nigeria today, will sell as much as $3.5 billion in shares in public offerings over two years, Afrinvest (West Africa) Ltd. said.
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Dangote Cement Plc, Nigeria’s biggest company by market capitalization, reopened its Gboko plant in the central region of the country as demand increases for the building material.
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