Aliko Dangote, Africa’s richest person, and Ethiopian Investment Holdings will invest $660 million to build a petroleum-products pipeline to link the Horn of Africa nation to Djibouti’s coast.

Aliko Dangote, Africa’s richest person, has hired the engineers that built his Lagos refinery to work on the new crude processing plant in Kenya that he is set to start constructing this month

Aliko Dangote is poised to make a $23 billion leap up the list of the world’s wealthiest following the initial public offering of his refinery, Africa’s biggest IPO to date - Here’s your Evening Briefing

Amkor raised its Arizona advanced packaging plant investment to $12 billion from $7 billion earlier, and $2 billion originally – a sign of how much demand has grown in a short time. Amkor said it already has customer commitments for the first phase of the plant, 33,000 sq. meters of space, and the new expansion will raise the total to 93,000 sq. meters. Construction of phase 2 of the plant is to start in late 2027 and finish by end-2029. $AMKR #Arizona# #semiconductors#

Aliko Dangote is setting up a Dubai family office to manage his wealth and business interests. Operations are expected to start in 2027. The aim is to preserve the business for 8–10 generations. He is also expected to give about one-third of his $35 billion fortune to charity.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ Dangote is a wise man who isn’t just focused on wealth creation, but also on how wealth is structured to survive beyond the founder.