Dangote Eyes $35Bn Annual Profit By 2030
The Dangote Group has unveiled more details of its ‘Vision 2030’, targeting over $115 billion in group turnover and $35 billion in annual profit by 2030, anchored on nearly $50 billion in new investments across Africa.
This, it said, includes an $8 billion 13-metric-tons-per-annum (MTPA) Liquefied Natural Gas (LNG) plant, and a new East Africa refinery in Lamu, Kenya.
President and Group Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, provided the latest details in the plan during the visit of Kenyan President, Dr. Williams Ruto, and his wife, Rachel, to the Dangote Petroleum Refinery and Petrochemicals Complex at Ibeju-Lekki, Lagos, at the weekend, ahead of Wednesday’s groundbreaking of the facility in Lamu.
Ruto, who toured the 650,000 barrels per day refinery, the world’s largest single-train facility, described it as a masterpiece of science and engineering with art.
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