Dangote: Afreximbank supports its expansion plan in Africa with $2.5 billion

On April 8, 2026, Afreximbank announced its support for the Dangote Group with a $2.5 billion financing for its growth strategy aimed at 2030. This funding is part of a $4 billion syndicated loan intended for the expansion of Dangote's refinery, which aims to increase its crude processing capacity to 1.4 million barrels per day. The group also plans to boost its fertilizer production to 12 million tons per year, requiring at least $40 billion in additional investments.