Africa's richest man, Aliko Dangote, pays $2.4bn towards $5.5bn loan for his $19bn Lagos refinery.
Africa's richest man, Aliko Dangote, has paid $2.4bn of the $5.5bn borrowed to build his $19bn refinery near Lagos. The 650,000 barrels per day facility has faced sabotage attempts but received support from Afreximbank and Nigeria's Access Bank. Dangote criticized foreign banks for not aiding Africa's growth and emphasized the importance of banks like African Finance Corporation and AfreximBank in industrializing Africa.
June 13, 2024
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