A photo collage of Africa's Wealthiest Man, Aliko Dangote and MTN Group CEO, Ralph Mupita

Dangote Industries has appointed MTN Group Chief Executive Officer Ralph Mupita to the board of its fertilizer business as the company prepares to expand operations and pursue a listing in Nigeria.

Dangote Fertiliser Ltd. Managing Director Vishwajit Sinha confirmed Mupita’s appointment in an email response to questions, according to Bloomberg News.

The move comes as Dangote Industries, owned by Africa’s richest man Aliko Dangote, positions its fertilizer unit for growth and greater access to capital markets.

The planned expansion and potential initial public offering would mark another major step in the conglomerate’s strategy of scaling its industrial businesses across Nigeria and beyond.

Dangote Fertiliser has become a key player in the country’s push to strengthen domestic production of agricultural inputs, with the company already operating one of Africa’s largest fertilizer plants.

Mupita’s appointment adds an experienced corporate leader to the board as Dangote Fertiliser charts its next phase, Bloomberg News reported.

This is a developing story…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.