-- The African Export-Import Bank has committed to anchoring the Dangote Group's Vision 2030 strategy, a massive industrial roadmap aimed at increasing the conglomerate's turnover to $100 billion by the end of the decade, the bank said on Wednesday.
Central to this strategy is a transformative leap in energy production, with plans to more than double the capacity of the Dangote Petroleum Refinery in Nigeria from 650,000 barrels per day to 1.4 million bpd, it said.
Beyond oil and gas, the group is targeting $40 billion in new investments to develop critical infrastructure, including subsea pipelines and ports, alongside new ventures in data centers and value-added mineral exports.
The announcement coincided with the signing of a $2.5 billion facility underwritten by Afreximbank as part of a larger $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals FZE.