The Digest:
Africa's richest man, Aliko Dangote, has appointed his three daughters to executive positions within the multi-billion dollar Dangote Group as part of succession planning and Vision 2030 ambition to build a $100 billion enterprise. Halima Dangote becomes Group Executive Director, Family Office & International Offices (Dubai & London). Fatima Dangote is appointed Group Executive Director, Commercial Operations – Oil & Gas, overseeing refinery, fertiliser, and upstream operations. Mariya Dangote takes role as Group Executive Director, Commercial Operations for Cement & Foods. Meanwhile, the Group signed a $400 million equipment agreement with China's XCMG to accelerate expansion of the Dangote Refinery from 650,000 to 1.4 million barrels per day, targeting completion within three years. Polypropylene production will increase to 2.4 million mtpa, urea capacity tripled to 9 million mtpa, positioning the group as global leader.
Key Points:
- The appointments signal structured succession planning for Africa's largest conglomerate.
- Refinery expansion to 1.4m bpd will position Nigeria as major refined products exporter.
- Daughters gain executive authority, while the Group secures next-generation leadership.
- This reflects commitment to institutional continuity and family stewardship.
- The timing, with $400m China deal, accelerates expansion timelines.
Dangote's daughters step into key executive roles as the Group secures $400m Chinese equipment deal to expand refinery capacity to 1.4m bpd by 2029.
SOURCES
THISDAY, Dangote Group
TAGS
Aliko Dangote, Halima Dangote, Fatima Dangote, Mariya Dangote, Dangote Refinery,
