Skip to content
Subscriber Only

Dangote-Owned Sugar Firm Plans $1 Billion Expansion

  • Dangote Sugar targets 2 million tons of refined sugar per year
  • Cultivating 100,000 hectares to boost sugarcane production
Updated on

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Dangote Sugar Refinery Plc, owned by Africa’s richest man Aliko Dangote, plans to spend $1 billion on expansion after Nigeria’s central bank made his firm one of the three sole importers of the sweetener into Africa’s largest economy.