Government officials consider tariffs to support South Africa’s steel sector amid global competition.
Africa’s wealthiest man, Aliko Dangote, is just $700 million away from an unprecedented $30 billion net worth, according to Bloomberg’s Billionaires Index. His fortune has climbed $1.2 billion this year to $29.3 billion, despite mid-year fluctuations that saw his wealth temporarily dip. The surge stems from strong performances by his publicly traded companies—Dangote Cement, Dangote Sugar, and NASCON—on the Nigerian Exchange, fueled by robust operational results and improving economic indicators. But the real game-changer is his unlisted Lekki refinery, whose potential has is dramatically boosting investor confidence. With recent single-day gains sometimes reaching hundreds of millions, analysts suggest Dangote could smash the $30 billion barrier within weeks if current trends continue.
Business Insider Africa