Business

Dangote Expands Sugar Refinery Business To Ghana

The Dangote Group say that the investment will reduce Ghana’s $162 million annual sugar import bill and boost local industrial growth.

Published

1 year ago

June 16, 2025

OCHEFA

679 Views

Africa ‘s richest industrialist- Aliko Dangote, is constructing another sugar refinery in Ghana

The Dangote Group say that the investment will reduce Ghana’s $162 million annual sugar import bill and boost local industrial growth.

The expansion is also part of Dangote’s broader goal to expand integrated agriculture across Africa.

The factory, located at Kwame-Danso Bono East Region as part of the government’s “One District, One Factory” initiative, has the capacity to crush 12,000 tons of sugarcane per day throughout a 25,000-hectare irrigated sugarcane plantation.

It will also produce byproducts like molasses and ethanol.

In a LinkedIn post, the Dangote Group described the project as more than just a factory, calling it “a catalyst for self-sufficiency, employment, and continental transformation.”

Meanwhile, Dangote Sugar Refinery Plc – its Nigerian operation is already the country’s largest sugar producer, with a crushing capacity of 1.44 million tonnes.

Related Topics:Dangote Sugar Refinery Ghana Featured

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Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

2 hours ago

June 30, 2026

Charles Flames

13 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

6 hours ago

June 30, 2026

OCHEFA

17 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”