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Africa’s Richest Man Aliko Dangote Partners Blackstone, Carlyle In $5 billion...

AFRICANGLOBE - Two of America’s largest private equity firms are teaming up with West Africa’s largest industrial conglomerate, Dangote Industries, to invest in Africa.

Africa’s Richest Man Bids For Shell Nigerian Asset

AFRICANGLOBE - Africa’s richest man, Aliko Dangote, is planning to acquire a stake in a Nigerian gas field owned by Anglo-Dutch multinational energy giant Shell. According to a report by Africa Intelligence, Dangote Industries submitted the highest bid for Shell’s stake in Oil Mining Lease (OML) 18 at an auction organized last year in the Niger Delta region.

Dangote Gets $3.3bn Loan From 12 Banks To Build Refinery

AFRICANGLOBE - Nigeria’s diversified industrial giant, Dangote Industries, on Wednesday said it has secured a $3.3 billion “term loan facility” from 12 local and global lenders to build Nigeria’s largest Petroleum Oil Refinery & Petrochemical/Fertilizer Plants.