Dangote Refinery Dangote Refinery The Dangote Refinery is an oil refinery owned by the Dangote Group that is under construction in Lekki, Nigeria. When complete, it will have a capacity to process about 650,000 barrels per day of crude oil. Nigerian businessman Aliko Dangote unveiled early plans for the refinery in September 2013, when he announced that he had secured about $3.3 billion in financing for the project. At the time, the refinery was estimated to cost about $9 billion, of which $3 billion would be invested by the Dangote Group and the remainder via commercial loans, and begin production in 2016.
United States–Africa Leaders Summit the Moderator. The five speakers were: Aliko Dangote, President and CEO Dangote Group, Jeff Immelt, CEO General Electric, Andrew N. Liveris, President, Chairman and CEO The Dow Chemical Company, Phuti Mahanyele CEO Shanduka Group and Doug McMillon President and CEO Walmart Stores Inc. Prior to the second session, remarks were given by the Chairperson of the African Union Commission, Dr. Nkosazana Dlamini-Zuma. Session 2: Open Markets: Financing The Africa of Tomorrow. Session 2 explored the trends guiding successful and good governance in African countries, reduction of risks, strengthening investor confidence and increasing availability of U.S. capital to African and U.S.