Dangote Group has unveiled plans to invest at least40 billion US dollars over the next five years as it pursues a 100 billion US dollars turnover by 2030, targeting expansion across energy, infrastructure, and digital services in Africa.
The conglomerate presented its long-term strategy, Vision 2030: Supercharging Dangote Group for Long-Term Success, to the African Export-Import Bank (Afreximbank) board and executive team on 31 March 2026.
The plan is structured in two phases spanning 2025–2028 and 2028–2030, aimed at scaling current operations and identifying new investment opportunities across multiple sectors.A core element of the strategy is the near-doubling of the Dangote Petroleum Refinery’s capacity from 650,000 barrels per day to 1.4 million, alongside a fourfold increase in fertiliser output to 12 million tonnes per year.
If realised, these moves would position the Group as the world’s largest producer of urea fertiliser.Beyond refining and fertiliser, the expansion blueprint encompasses cement, rice, and food production. Dangote has also identified infrastructure projects including ports and pipelines, alongside investments in gas, mining, power, and data centres, aiming to support industrialisation and Africa’s digital transformation.
Late last year, the Group opened a 2.5 billion US dollars urea fertiliser plant in Ethiopia’s Somali Region. Built in partnership with Ethiopian Investment Holdings, it is expected to produce about three million tonnes a year.Aliko Dangote, President and Chief Executive of Dangote Industries Limited, described the partnership with Afreximbank as a strategic alignment. “
When we set out to build Africa’s largest refinery, the Bank believed in our vision when others were sceptical. Our shared mission is to drive local capacity, reduce import dependence, and ensure Africa’s industrial growth is led by Africans,” he said.Afreximbank President and Board Chairman George Elombi noted that the collaboration reflects a convergence of purpose to unlock Africa’s industrial potential. He highlighted the continent’s production challenges during the COVID-19 pandemic as evidence of the need for self-reliance and large-scale investment.
“Our mandate is to convert aspiration into action,” he said.The presentation was followed by the signing of a 2.5 billion US dollars facility underwritten by Afreximbank, part of a 4 billion US dollars senior syndicated term loan supporting Dangote Petroleum Refinery and Petrochemicals FZE.
