Africa’s Richest Man to Add Oil to Expanding Business Empire
- Expects to start producing about 20, 000 barrels a day by July
- Company seeks to boost output to 100,000 barrels by next year
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Aliko Dangote, Africa’s richest man, will begin oil production from two assets he snapped up from Royal Dutch Shell Plc in July, adding a new source of income to a fast expanding business empire that includes cement, flour and sugar firms.