Africa’s largest oil refinery will not be finished until the end of 2020.
Nigerian logistics platform, Kobo360, has been compared to Uber. The tech start up already works with business giants like Dangote and Unilever just to name a few, is now setting their sights on expanding into Kenya and Ghana; for more CNBC Africa spoke to Ife Oyedele, Co-Founder and Chief Technology Officer of Kobo360.
A huge oil refinery being built in Nigeria by Africa’s richest man is unlikely to start production until 2022, two years later than the target date, sources with direct knowledge of the matter said.
Dangote Sugar Refinery is looking to its backward integration plan and raising its refining and production efficiency as part of efforts to overcome what the company’s Group Managing Director, Abdullahi Sule, describes as a very challenging period. He joins CNBC Africa to discuss the company’s half year numbers that saw gross profit in the period decline by 13.4 per cent.
Dangote Cement has listed its 50 billion Naira commercial papers on the FMDQ OTC securities exchange. CNBC Africa caught up with Managing Director and CEO of Dangote Cement Joseph Makoju, at the listing to get more details.
Nigerian cement manufacturer, Dangote cement recently announced plans to issue a 50 billion0-naira series one and two notes under the company’s 150 billion commercial paper program. Funto Oluwasegun, Cement Analyst at Stanbic IBTC joins CNBC Africa to discuss the outlook for the cement industry as the second half of the year.