Dangote Plans $10bn Power Investment and 2028 Fertiliser IPO

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Dangote Plans $10bn Power Investment and 2028 Fertiliser IPO

LAGOS — Aliko Dangote says his group plans to invest more than $10 billion in electricity and to list its fertiliser business in 2028. In interviews with Al Jazeera and Bloomberg, he said urea capacity will rise from 3 million to 12 million tonnes, and that the refinery could list in New York after reaching 1.4 million barrels per day, expected in 2029.

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