Aliko Dangote, Africa’s richest man, has confirmed plans to list the group’s fertiliser business in 2028. The announcement comes as the Dangote Group continues to expand its industrial footprint across the continent. The fertiliser business, a key component of the group’s diversified operations, is expected to play a significant role in supporting agricultural development and food security in Africa.
The Dangote Petroleum Refinery IPO, which has already begun, reflects the group’s long-term vision for Africa’s industrial transformation. Dangote has emphasized that the IPO is not only about raising capital but also about creating opportunities for Africans to invest in and benefit from the continent’s economic growth. The refinery project, one of the largest in Africa, is seen as a major step toward reducing the continent’s reliance on imported fuels.
Investors have been assured that the IPO offers a unique opportunity to participate in a strategic industrial project. The group has also addressed public concerns, including viral memes questioning the refinery investment, by reaffirming its commitment to transparency and long-term value creation. The fertiliser IPO is expected to follow a similar path, with a focus on sustainable growth and regional impact.
