Dangote Industries Limited is ramping up plans to raise more funds from international investors as it expands its presence in global capital markets. The move follows its first major step into foreign bond markets last month, signaling a new phase of global financing for Africa’s largest industrial conglomerate.
According to the company’s Chief Financial Officer, Murat Erden, Dangote Group is actively exploring bond issuances to support key subsidiaries, particularly in energy and fertilizer production. The company recently raised $750 million through a private bond placement for Dangote Fertiliser Limited, which operates the continent’s largest urea production facility.
The group, owned by Africa’s richest man Aliko Dangote, has a wide industrial footprint that includes cement, sugar, oil refining, and infrastructure. Dangote Cement alone generated about $3.2 billion in revenue last year, while its sugar business brought in approximately $610 million. Meanwhile, its massive oil refinery—already the largest in Africa—is set to double capacity to 1.4 million barrels per day by 2028.
Looking ahead, the conglomerate is planning an aggressive $40 billion investment strategy over the next five years. This includes building Nigeria’s largest deep-sea port, expanding fertilizer output to 12 million tons annually by 2030, diversifying into liquefied gas, and developing a 20,000-megawatt power plant aimed at addressing Nigeria’s energy challenges.
Financial experts say the recent bond activity marks an important milestone for the group’s global ambitions. Dangote Fertiliser’s bond, issued to selected institutional investors, has already appreciated in value since issuance, and the company is also considering selling about 10% of its refinery through an IPO across multiple African stock exchanges. Analysts believe these moves could open the door for deeper international investor participation in one of Africa’s most influential corporate empires.