Aliko Dangote

Built World

Overseeing the Lamu project; committed to return for commissioning in 40 months

Every liter of fuel burned in East Africa is imported. Aliko Dangote, Africa's richest man, broke ground Sept. 30 on a $16 billion refinery in Lamu, Kenya, that he says will end that dependence.

Updated 4 days ago

Money Moves

Launched the IPO September 14; said subscriptions exceeded target by three to four times; Forbes put his fortune above $50 billion after a July placement.

The offer, which opened September 14 on the Nigerian Exchange, is now oversubscribed and extended to October 27. Subscriptions have topped the 2.15 trillion naira target by three to four times, Aliko Dangote said. Kenya and Uganda have approved routes for their investors to take part.

Updated Oct 14

Built World

Leading the pipeline project through Dangote Industries Limited

Ethiopia is landlocked, so every litre of imported fuel reaches Addis Ababa by road tanker from Djibouti—a five-day drive. On Thursday, Ethiopian Prime Minister Abiy Ahmed, Djiboutian President Ismail Omar Guelleh, and Nigerian billionaire Aliko Dangote broke ground on a pipeline that cuts that trip to one day.

Updated Sep 25