Dangote secures $2.5bn investment to expand Africa’s largest refinery
Dangote Petroleum Refinery and Petrochemicals has secured $2.5 billion in fresh private equity investment to accelerate the expansion of Africa’s largest refinery and strengthen its position in the continent’s downstream oil and gas industry. The company disclosed on Thursday that the funds were raised through a private placement involving the issuance of about 3.7 trillion subscription units, attracting…
