Aliko Dangote

Money Moves

Oversaw the IPO through its October 27 close; said demand exceeded the target by three or four times and that small retail applicants would be protected.

The offer closed on October 27 after a two-week extension. Reuters reported orders of about N6.4 trillion ($4.78 billion), roughly three times the N2.15 trillion base offer; the company has not confirmed the order book.

Updated Oct 30

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 Oct 18

Built World

As of September 2026: 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