Aliko Dangote’s Group Eyes More Dollar Bond Sales to Fund Growth

Dangote Industries Ltd is seeking more opportunities to raise money from global investors after the African company made its first foray into international markets last month.

The industrial conglomerate is looking to the bond market to potentially fund some of its businesses, including energy and fertilizer assets, Dangote’s chief financial officer, Murat Erden, told Bloomberg News. Dangote Fertiliser Ltd, which operates Africa’s largest urea plant, raised $750 million from a private bond placement in April.