Dangote Group Eyes $36 Billion Revenue Target for 2026

Dangote Group announced a revenue of approximately $17 billion for the first half of 2026, with a target to double its full-year revenue to $36 billion, up from $18 billion in 2025. Aliyu Suleiman, Chief Strategy Officer, made this announcement during a media briefing at the Dangote Petroleum Refinery in Lagos, coinciding with a visit from Kenyan President William Ruto.

The visit aimed to provide insights into the operations of the refinery, which processes 700,000 barrels per day, as Kenya plans to develop a similar facility in Lamu, estimated at $17 billion. Suleiman indicated that the group's growth is driven by diversification across sectors such as cement, sugar, fertilizer, and oil production.

The expansion includes plans to increase the Dangote Petroleum Refinery's capacity to 1.4 million barrels per day. The Kenyan refinery project is part of Dangote's broader Vision 2030 strategy, which aims for a $100 billion ambition across Africa.