Investogist
No Result
View All Result
Monday, March 23, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Senate confirms Taiwo Oyedele as Minister of State for Finance

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    Trading begins in Linkage Assurance 12.32bn share rights issue

    Trading begins in Linkage Assurance 12.32bn share rights issue

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Zichis Agro-Allied Industries Shares

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Senate confirms Taiwo Oyedele as Minister of State for Finance

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    Trading begins in Linkage Assurance 12.32bn share rights issue

    Trading begins in Linkage Assurance 12.32bn share rights issue

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

    Nigerian Breweries Partners with Indorama Ventures to Build rPET Facility in Ogun State

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Zichis Agro-Allied Industries Shares

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

Dangote Invests $700 Million in Sugar as South African CEO Thabo Mabe Assumes Leadership

Friday, 21 November 2025, 10:00 am
in Business
0
Dangote Invests $700 Million in Sugar as South African CEO Thabo Mabe Assumes Leadership
Share Share Share Share Send as Email

Dangote Sugar Refinery Plc (DSR), Nigeria’s largest sugar producer and a flagship subsidiary of the Dangote Group, has named seasoned South African executive Thabo Mabe as its new Group Managing Director and Chief Executive Officer, effective 1 December 2025.

The appointment follows the resignation of the outgoing CEO, Ravindra Singhvi, who will step down on 30 November 2025 after five years at the helm. Singhvi, an Indian national who joined the board in May 2020, is credited with overseeing significant operational upgrades, digital transformation initiatives, and the steady execution of the company’s Backward Integration Programme (BIP).

In a statement on NGX confirmed that Mabe’s selection is in line with a carefully crafted succession plan designed to ensure continuity and sustained shareholder value.

Thabo Mabe is not new to the Dangote Group, having delivered results across several of its food-related businesses since joining in 2014.

A chemistry and mathematics graduate from the University of Fort Hare in South Africa, Mabe spent the early part of his career at Unilever, rising to Vice President of Supply Chain (Africa, Middle East & Turkey) and later serving as CEO of Unilever Nigeria Plc in 2010–2014, where he significantly grew market share and profitability.

His track record inside Dangote includes:

  • Transforming the loss-making Dangote Flour Mills into a highly profitable operation before its successful divestment in 2019
  • Leading Dangote Rice Limited as Managing Director
  • Serving as Managing Director of NASCON Allied Industries Plc (makers of Dangote Salt) since 2022, where he has driven consistent growth in the food seasoning and allied products segment.

Mabe’s appointment coincides with DSR’s ambitious $700 million investment in its Backward Integration Programme (BIP), aimed at achieving sugar self-sufficiency in Nigeria.

Announced in mid-November 2025, this expansion builds on earlier commitments  and focuses on reducing the country’s reliance on imported raw sugar, which currently meets most of Nigeria’s 1.7 million metric tonnes annual demand.

Key investments include:

  •  Expanding sugarcane plantations from ~8,700 hectares to ~24,200 hectares over the next seven years, primarily in Adamawa and Nasarawa States.
  • Upgrading crushing capacity from 3,000 to 15,000 tonnes of cane per day in Numan, Adamawa) and building irrigation systems, factories, and power generation up to 90 MW.
  • Training programs, CSR initiatives, and out grower schemes to support local farmers and create jobs.
  • Aiming for 700,000 metric tonnes of local raw sugar annually, boosting overall refining capacity to 1.5 million metric tonnes. This aligns with Nigeria’s National Sugar Master Plan (NSMP) to conserve foreign exchange and promote industrialization.

When completed, the expanded facilities are expected to produce 700,000 metric tonnes of raw sugar annually, enough to meet roughly 40–50 % of national demand and save hundreds of millions of dollars in foreign exchange yearly.

The project directly supports the objectives of the Nigeria Sugar Master Plan (NSMP) and the federal government’s import-substitution agenda.

With Thabo Mabe at the helm, Dangote Sugar Refinery appears poised to accelerate its journey from Africa’s largest refiner to a fully integrated producer–refiner capable of competing globally.

As Thabo Mabe prepares to assume office on 1 December, all eyes will be on how quickly he can translate strategy into sugarcane in the ground and refined sugar on Nigerian tables.

Vivian Ifunanya Gerald

Administrator and Writer

Related Posts:

  • download (1)
    Dangote Sugar Refinery Announces Resignation of…
  • SSA
    South African Government to sell majority stake in…
  • Emefiele 1
    Only Bua, Dangote and Golden Sugar can import sugar…
  • Dangote refinery product tanks
    Dangote Refinery undergoing upgrade to 700,000bpd capacity
Tags: Featured
Previous Post

Federal High Court sentences Nnamdi Kanu to Life imprisonment

Next Post

Gunmen Storm St. Mary’s Catholic School Niger State, Abduct Unknown Number of Pupils and Teachers

Next Post
Gunmen abduct unidentified man in Anambra state

Gunmen Storm St. Mary’s Catholic School Niger State, Abduct Unknown Number of Pupils and Teachers

  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

Ukraine’s constitution-enshrined bid for NATO Membership not realizable – Zelensky

Ukraine’s constitution-enshrined bid for NATO Membership not realizable – Zelensky

N75bn MSME schemes’ registration begins Monday – FG

N75bn MSME schemes’ registration begins Monday – FG

NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

Dangote Cement Profits Soar to ₦743bn on Price Increase

African Governments Seek Fuel from Dangote Refinery

British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved