Dangote Group of Nigeria plans to build what it says will be Africa’s biggest fertilizer plant in the country’s southern Edo state, with production scheduled to start by 2014.
Dangote Group, owner of the company with Nigeria’s biggest market value, is seeking a $3.5 billion loan to fund projects including an oil refinery
Dangote Industries Ltd. signed an agreement with the Zambian government to build a cement plant in the southern African country, the Nation reported.
Dangote Cement Plc plans to build plants in Gabon, Democratic Republic of Congo, Algeria and Tanzania, the Nation reported, citing a statement from the company.
Oil India Ltd., the nation’s second-biggest state-run explorer, is studying an acquisition of Nigerian oil and gas assets owned by Royal Dutch Shell Plc, according to people familiar with the matter.
Dangote Group, controlled by Africa’s richest man Aliko Dangote, is considering the purchase of Nigerian oil fields as international companies plan to sell onshore assets in the continent’s top crude producer.
Dangote Cement Plc , Africa biggest producer of the building material, plans to invest $3.9 billion constructing plants in countries including Ethiopia, Tanzania, Republic of Congo and Gabon.
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