Dossier
African Finance Corporation
Coverage of African Finance Corporation in the Nexus archive.
- Nigeria's Dangote secures $600M for fertilizer arm
The Dangote Group’s fertilizer arm secured $600 million from the African Finance Corporation to expand its urea production, aiming to triple output in Nigeria and establish a new plant in Ethiopia. This financing is part of a $7 billion expansion plan that also includes doubling production at its Nigerian oil refinery and building a facility in East Africa.