Cape Town – Dangote Industries has appointed MTN Group CEO Ralph Mupita to the board of Dangote Fertiliser Limited as it accelerates plans to expand the business and list it on the Nigerian Exchange later this year, reports said on Wednesday.
According to Daily Investor, the appointment, confirmed by Dangote Fertiliser Managing Director Vishwajit Sinha, is widely seen as a strategic move ahead of the planned initial public offering.
Mupita brings strong capital markets and corporate governance experience, having spearheaded the landmark listing of MTN Nigeria in 2019.
Since then, MTN Nigeria’s revenues have more than quadrupled, and the company has grown into one of the NGX’s most valuable stocks, with an estimated market capitalisation of about $8.6 billion.
Aliko Dangote has appointed Zimbabwean Ralph Mupita, MTN Group CEO, to the board of his fertiliser business.
Dangote Fertiliser plans to list on the Nigerian Stock Exchange this year.
Mupita led the listing of MTN Nigeria in 2019. Since then, the company’s revenues have more… pic.twitter.com/KbPN4Y66o6
— newZWire (@newswireZW) January 28, 2026
Dangote Fertiliser, a core pillar of billionaire Aliko Dangote’s strategy to deepen Africa’s agricultural value chain, currently produces about 3 million tonnes of granulated urea annually from its $2.5 billion Lagos complex, reported Nairametrics.
The company plans to expand the facility and begin construction of a new fertiliser plant in Ethiopia this year, with the goal of becoming the world’s largest fertiliser producer by 2028, the report said.
The expansion comes amid rising agricultural demand across Africa, driven by rapid population growth, urbanisation and trade, with the sector projected to exceed $1 trillion by 2030.
While many farmers still face constraints such as limited finance and infrastructure, large-scale producers like Dangote Fertiliser are well positioned to benefit.
Beyond fertiliser, the Dangote Group also plans to list its refinery business, with the proposed IPOs aimed at raising capital, improving transparency and attracting domestic and international institutional investors.
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Compiled by Betha Madhomu
