Citizen Digital·3 min read·medium
Nigeria's Dangote raises Ksh.323B to expand Africa's largest refinery
A
AFP
✦AI Summary
The Dangote Petroleum Refinery has raised Ksh.323 billion through a private equity placement to expand its refining capacity. The company aims to become the world's largest refinery to reduce Africa's dependence on imported fuel.
The private equity investment gives investors a slice of the 650,000 barrels-per-day refinery launched two years ago and is currently the largest on the continent.
businesseconomyworld
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in