Dangote Group Aims for $36B Revenue Following Ruto's Visit

Dangote Group is targeting $36 billion in revenue for the year 2026, following a robust first-half performance where it generated approximately $17 billion. This announcement coincided with a visit from Kenyan President William Samoei Ruto to the Dangote Petroleum Refinery in Lagos, which he hailed as a “masterpiece of science, engineering and art.” Ruto's visit, after attending the United Nations General Assembly, reinforced his confidence in Kenya's proposed $17 billion East African Oil Refinery and Petrochemical Complex in Lamu.

He confirmed that preparations for the groundbreaking of the Lamu project are complete, emphasizing its regional significance. Dangote Group's Chief Strategy Officer, Aliyu Suleiman, noted the company's revenue growth from $18 billion in 2025 to the projected $36 billion in 2026, driven by investments across various sectors.

The Lamu refinery is expected to be a key component in Dangote Group's ambition to establish a $100 billion African industrial enterprise.