Dangote Targets Steel, Power, Ports In New Industrial Push
President of Dangote Group, Aliko Dangote, has unveiled plans to expand into steel production, electricity generation and port development as part of a broader ambition to accelerate industrialisation across Africa. Dangote, whose conglomerate spans cement, sugar, salt, fertiliser, and petrochemicals, said his long term goal is to deepen Africa’s manufacturing base beyond oil refining and position the continent as a global industrial force. His latest flagship project, the Dangote Petroleum Refinery & Petrochemicals, is now operational and producing about 650,000 barrels of refined products daily. He said output is expected to double within the next three year as expansion plans progress. However, Dangote in a recent interview with The New York Times, indicated that refining is only one phase of a larger vision. “We have to industrialise Africa,” he said, noting that his next focus areas include the steel industry, expanding access to electricity and building additional port infras...