Storytimes Newspapers

  In a major boost to industrial collaboration between Africa and China, Dangote Industries Limited (DIL), Africa's largest conglomerate, has signed a landmark US$4.2 billion natural gas supply agreement with China's Golden Concord Group Ltd. (GCL Group), a leading private energy firm. The 25-year deal, formalized in Lagos, will provide a stable and long-term supply of natural gas to power Dangote Group's ambitious 3-million-tonne-per-year urea fertilizer production complex in Ethiopia. This facility, located in Gode in the Somali Region, is part of a broader $2.5 billion joint venture between Dangote Group (60% stake) and Ethiopian Investment Holdings (40% stake), aimed at transforming Ethiopia into a key fertilizer producer in East Africa. Under the agreement, GCL Group will extract and deliver natural gas primarily from Ethiopia's Calub gas field in the Ogaden Basin. The gas will be transported via a dedicated 108-kilometer pipeline directly to the fertilizer plant, ...

  In a major boost to Nigeria's industrial ambitions, the Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., a leading Chinese manufacturer. The deal, announced this week, will provide the conglomerate with a wide range of advanced heavy-duty machinery. This equipment is set to complement existing assets and accelerate the ongoing expansion of the Dangote Petroleum Refinery & Petrochemicals complex in Lekki, Lagos. Currently operating at 650,000 barrels per day (bpd), the refinery — already Africa's largest and a key driver of Nigeria's push for fuel self-sufficiency — is targeted for expansion to 1.4 million bpd. Upon completion, the facility would surpass global giants like India's Jamnagar refinery to become the world's largest single-train refinery. Dangote Group stated that the new machinery will support intensified work on the refinery upgrade, alongside projects in petrochemicals, agricultu...