Nigeria's Aliko Dangote steps in to boost Cameroon's oil supply
Dangote's group owns Africa's biggest oil refinery in Nigeria and has interests throughout the continent.Nigerian multinational industrial conglomerate Dangote Group's CEO Aliko Dangote attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, France on May 13, 2024. Photo/ReutersAfrica's richest man, Nigerian tycoon Aliko Dangote, has agreed to step in and bolster Cameroon's supply of refined petroleum products, the West African nation's refinery company Sonara has announced.Sonara, whose local plant was wrecked in a 2019 fire that forced Cameroon to become a net importer, said the deal would help the country keep prices down and avoid the risk of fuel shortages caused by geopolitical instability."This agr…
