Africa’s richest man has ambitious plans for the continent

Aliko Dangote, Africa’s richest man, discussed ambitious plans for the continent in an interview with The Economist.

Aliko Dangote, recognized as Africa’s richest man, gave an interview to The Economist on March 12th in his office in Lagos, Nigeria’s commercial hub. He described the current situation as “IT’S A CRAZY situation right now.” The Daily Trust reported on these ambitious plans for the continent, highlighting Dangote’s vision amid challenging circumstances. The interview underscores his perspective on Africa’s opportunities and hurdles, as covered in the publication dated March 23, 2026.

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Nigerian billionaire Aliko Dangote has signaled a preference for building a major oil refinery in Mombasa, Kenya, instead of the previously proposed Tanga site in Tanzania. Dangote made the remarks in a Financial Times interview published Sunday.

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Nigeria's billionaire Aliko Dangote pledged to Presidents William Ruto of Kenya and Yoweri Museveni of Uganda to build a refinery identical to his Lagos plant if they provide support. The facility would be in Tanzania's Tanga area, linked by pipeline to Mombasa. The commitment came at the Africa We Build Summit 2026 in Nairobi on April 23.

Nigeria's President Bola Tinubu has ignited controversy by comparing his country's fuel shortages to Kenya's, urging Nigerians to thank God they are better off. The remarks, made during a visit to Bayelsa State, have drawn sharp criticism from Kenyans and Nigerians alike.

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On January 28, 2026, China's Zijin Mining announced a US$4 billion takeover of Allied Gold's three African mines. On February 3, Swiss mining giant Glencore entered talks to sell a 40 per cent stake in its Democratic Republic of Congo (DRC) copper and cobalt operations to the US-backed Orion Critical Mineral Consortium. These developments underscore the escalating competition between China and the United States over critical minerals.

Nigeria has launched AfroVision X, an initiative centered on the creative economy.

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