• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration
    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa
    AfriMoney in complicity with Watu – an Asset FinTech disclose ‘Okada Bomba’ Promotion
    Initiative Launched to Enhance Food Security & Fight Climate Change in West and Central Africa
    Africa Continues to Lead in Mobile Money Adoption, With Over $403 Billion in Transactions, Report
    …as it strives to boost its Storage Facility, Kenya Pipeline Company (KPC) ventures to upgrade Facilities
    Ecobank Launches Leadership Training Programme to Support Women-Owned Businesses Across Africa
    Equatorial Guinea and DR Congo Strengthen Energy Relations to Enhance Oil and Gas Development
    Digital Farming in Zimbabwe: FarmBuzz Provides Solutions for Farmers to Improve Productivity
    Energy Security: Zambia, Angola Sign Cooperation Agreement in an Effort to Ensure Stability in the Economy

    Dangote Group US$2 Billion Fertilizer Plant be Ready to Start Production

    Posted On 27 Jul 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 30

    By Richard Adorsu-

    Photo Credit: Pulse

    NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana- Dangote Group’s fertilizer plant, now under construction in Nigeria’s biggest city of Lagos, will be ready to start production late this year.

    Owned by Aliko Dangote, Africa’s richest man, the facility located in the Lekki district of Nigeria’s commercial hub, has a name-plate capacity of 3 million tons a year of urea and ammonia, making it the world’s biggest. It is in the vicinity of a 650,000 barrels a day Dangote oil refinery also under construction.

    Test runs started at the plant in March, though they were hampered by the disruptions that came with the coronavirus pandemic, said Maurizio Coratella, chief operating officer of Saipem SpA.

    “Train two commissioning and testing will start soon, as such activities will be overlapped with train one,” Coratella said. “The project is planned for completion within the end of 2020, with train one starting production within weeks and train two following soon after.”

    Saipem is making special arrangements, including setting up dedicated flights for vendors and suppliers to enable it meet the completion deadline, he said.

    Saipem’s operations in Nigeria, where it’s been in business for more than 50 years, span several industries including oil, gas and power. Among its four major construction contracts currently running in the West African country, it expects a 430-megawatt power plant being built for Eni SpA in the southern delta region to start operating within weeks.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    The company is among bidders for Royal Dutch Shell Plc’s Bonga offshore oil-field expansion and is also in the early stages of revamping state-owned refineries in the oil-industry centers of Warri and Port Harcourt, Coratella said.

    Four refineries with a combined capacity for 445,000 barrels of crude run by Nigerian National Petroleum Corporation are shut for refurbishment and only due back in production in 2023.

    Saipem is among three joint ventures that bid for engineering work for Qatar’s liquefied natural gas expansion project. The firm and its partners who won a $4 billion contract to build Nigerian LNG Ltd.’s train 7 project, is eyeing “big LNG” and petrochemical projects in Southeast Asia, the U.S. and Russia, Coratella said.

    “In terms of opportunities, most of them have been delayed to 2021,” he said.

     

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    New Africa Business News Person of the year 2020
    Start Voting for New Africa Business News Person of the year 2020. Nomination Starts July 04 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. New Africa Business News Person of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia,  Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 100 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. Africa President of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com

     

    HELP FIGHT CLIMATE CHANGE
    United Nations Environment Programme (UNEP) Leading Global Environmental Authority that Sets the Global Environmental Agenda, Promotes Coherent Implementation of the Environmental Dimension of Sustainable Development within the United Nations System, and Serves as an Authoritative Advocate for the Global Environment.  Visit:  www.unenvironment.org 

     

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Botswana‘s Coal Miner Minergy Exports First Coal Production to South Africa Client

    Next Story

    $27 Million Expended by the African Development Bank to Strengthen Africa Union’s COVID-19 Response Initiative

    30 Comments

    1. Akin July 27, 2020 at 1:24 am Reply

      Journalist Richard thank for your beautiful report. Yes, they don’t report good news of our great continent. But new Africa business news reports the accurate news. Like it or not Africa is the future. Akin in Lagos Nigeria

      • New Africa Business News, Staff Correspondent July 27, 2020 at 1:25 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Betty July 27, 2020 at 1:29 am Reply

      Aliko Dangote is another African success story. Look he made all his billions in our great Continent. London England. Betty

      • New Africa Business News, Staff Correspondent July 27, 2020 at 1:30 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Emilohi July 27, 2020 at 1:35 am Reply

      Thank you for your reporting’s. I love your brand. Feeding us accurate news of our great continent. Abuja Nigeria. Emilohi

      • New Africa Business News, Staff Correspondent July 27, 2020 at 1:36 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Rachel July 27, 2020 at 1:50 am Reply

      Don’t believe what they showing you on their televisions about Africa. Seeing is believing. Are fake news. If you are black or African origin, any where in the world. Africa need you to come back home. Thank you to your team. I love New Africa Business news. Regular reader. Rachel in Johannesburg South Africa

      • New Africa Business News, Staff Correspondent July 27, 2020 at 1:51 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Lily July 27, 2020 at 1:59 am Reply

      I love you feeding us with accurate news of Africa. Learning a lot about Africa. Following your online newspaper on face book. I recommended it to my family and friends to check it out. Thank you. Lily Edinburgh Scotland

      • New Africa Business News, Staff Correspondent July 27, 2020 at 2:00 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Samantha July 27, 2020 at 2:17 am Reply

      Thank you, love new Africa business news. Am an African American. All that they told us about Africa. All lies. Please come home. We moved to Ghana March of 2018. We then bought a land and just complete building our dream home. We just started a business, but the sky is the limit. Our Ancestors are calling us to come back home. Yes am very happy for Billionaire Dangote, on this report. Samantha in Greater Accra, Ghana

      • New Africa Business News, Staff Correspondent July 27, 2020 at 2:19 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Victoria July 27, 2020 at 2:26 am Reply

      Samantha, we also moved to Ghana. We are black British from Bristol UK. Best decision we ever made. Fan of your great online newspaper thanks and thank you, Ricard for your report. Accra Ghana. Victoria

      • New Africa Business News, Staff Correspondent July 27, 2020 at 2:28 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    8. Audrey July 27, 2020 at 2:48 am Reply

      Aliko Dangote’s business success achievements and continue achieving success, is a great motivation for us young Africans. Windhoek in Namibia. Audrey

      • New Africa Business News, Staff Correspondent July 27, 2020 at 2:49 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    9. Malebogo July 27, 2020 at 2:55 am Reply

      Thank you for signing me to new Africa business news, newsletter. Gaborone Botswana. Malebogo

      • New Africa Business News, Staff Correspondent July 27, 2020 at 2:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    10. Chante July 27, 2020 at 3:12 am Reply

      Am 24 years old, African American from Atlanta Georgia from the US. recently moved to Accra. Great place to live. I fell lot safer in Africa than in Atlanta. Lot of opportunities. Love Africa. Chante in Accra Ghana

      • New Africa Business News, Staff Correspondent July 27, 2020 at 3:13 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    11. Adrianus July 27, 2020 at 3:21 am Reply

      We also moved to Africa. Black Europeans. We move from Amsterdam to Kumasi. Great place to raise kids. Friendly place. Our two boys love the place. Adrianus in Kumasi GHANA

      • New Africa Business News, Staff Correspondent July 27, 2020 at 3:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    12. Jocelyn July 27, 2020 at 3:29 am Reply

      Thank you for reporting, am fan of your online newspaper. Following the newspaper on face book. Love you covering the whole Continent. Love Africa and the people. Jocelyn in Frankfurt Germany

      • New Africa Business News, Staff Correspondent July 27, 2020 at 3:30 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    13. paul roni July 27, 2020 at 3:40 am Reply

      Love your newsletter and thanks for signing me. Love consuming accurate news from our continent. Libreville in Gabon. paul roni

      • New Africa Business News, Staff Correspondent July 27, 2020 at 3:41 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    14. Marcus July 27, 2020 at 3:47 am Reply

      We live in London and black British, moving to Africa in September. We can’t wait. Marcus in London England

      • New Africa Business News, Staff Correspondent July 27, 2020 at 3:48 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    15. Barbara Ofosuhene July 27, 2020 at 3:45 pm Reply

      Time for the African continent to shine, the sky is the starting point. Thank you Richard for positively reporting on Africa. Barbara,Accra, Ghana.

      • New Africa Business News, Staff Correspondent July 27, 2020 at 4:23 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration

    Posted On 18 May 2022

    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa

    Posted On 17 May 2022

    AfriMoney in complicity with Watu - an Asset FinTech disclose ‘Okada Bomba' Promotion

    Posted On 15 May 2022

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    New Africa Business News, Person of the Year 2020-2021, Goes to Dr. Arikana Chihombori Quao

    Posted On 01 Jan 2021

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Facebook

    Latest Posts

    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration

    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa

    AfriMoney in complicity with Watu - an Asset FinTech disclose ‘Okada Bomba' Promotion

    Recent Posts

    • Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration
    • Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa
    • AfriMoney in complicity with Watu – an Asset FinTech disclose ‘Okada Bomba’ Promotion
    • Initiative Launched to Enhance Food Security & Fight Climate Change in West and Central Africa
    • Africa Continues to Lead in Mobile Money Adoption, With Over $403 Billion in Transactions, Report

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.