Africa’s wealthiest businessman, Aliko Dangote, has unveiled plans to list Dangote Fertiliser on the Nigerian Stock Exchange by the end of 2025.
Speaking at the Afreximbank Annual meetings in Abuja, the President of Dangote Group also confirmed that the much-anticipated Dangote Refinery would follow suit with a public listing set for 2026.
Dangote emphasized the need for Africans to invest their capital within the continent rather than seeking financial havens abroad. “Africa has been held back because those who have capital—legally or even illegally earned—take it away to other continents,” he said. “We must begin to invest our resources here to drive the growth and development Africa needs.”
Drawing comparisons to Asian economies, Dangote highlighted how internal reinvestment had fueled significant industrial and economic growth in countries like China and South Korea. He urged African nations to learn from such models and focus on channeling financial resources into local industries.
He also made a strong case for ending the export of unprocessed raw materials, urging African leaders to prioritize domestic processing. “By adding value locally, we can create jobs and expand industrial capacity across the continent,” he said, reinforcing the need for sustainable industrialization.
The move to list both the fertiliser company and refinery is expected to boost investor confidence and broaden public participation in key sectors. Analysts believe these listings could energize the Nigerian capital market and serve as a catalyst for deeper economic engagement across Africa.
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