Africa’s richest man, Aliko Dangote, has raised concerns about the lack of new refineries on the continent, attributing it to the vested interests of those who profit from fuel importation.
In a recent interview with Eleni Giokos, a CNN reporter, Dangote stated that despite Africa being a major oil producer, no new refineries have been built in the past 35 years.
Dangote also emphasized the lack of access to financing for investors due to weak financial institutions in many African…
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Source: https://businessday.ng/news/article/petrol-importers-blocking-africas-refinery-boom-dangote/