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Dangote Appoints MTN CEO Ralph Mupita to Fertiliser Board Ahead of IPO

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Africa’s richest man, Aliko Dangote, has appointed MTN Group Chief Executive Officer Ralph Mupita to the board of Dangote Fertiliser as the company prepares for a landmark initial public offering (IPO) on the Nigerian Stock Exchange later this year.

 

Dangote Fertiliser Managing Director Vishwajit Sinha confirmed Mupita’s appointment, signalling a strategic move as the fertiliser business positions itself for expansion and entry into public markets.

 

Mupita’s inclusion brings high-level capital markets and corporate governance experience to Dangote’s fast-growing fertiliser unit. He previously led the successful 2019 listing of MTN Nigeria, now one of the country’s most valuable companies. Since its listing, MTN Nigeria’s revenues have more than quadrupled, and the company currently boasts a market capitalisation of about US$8.6 billion, making it the Nigerian Exchange’s second-largest stock after BUA Foods.

 

The appointment comes at a pivotal moment for Dangote Fertiliser, which is seeking to tap public markets to fund ambitious expansion plans. The company currently produces around 3 million tonnes of granulated urea annually from its US$2.5 billion Lagos-based complex and aims to become the world’s largest fertiliser producer by 2028.

 

To support this goal, Dangote Fertiliser plans to expand its existing Nigerian operations and commence construction of a new production facility in Ethiopia later this year. The Ethiopian plant is expected to strengthen the company’s footprint in East Africa while supporting regional food security and agricultural productivity.

 

Africa’s fertiliser market is gaining prominence as the continent experiences the world’s fastest population growth. According to the African Development Bank, rising food demand, rapid urbanisation and expanding intra-African trade could see the continent’s agricultural sector grow to more than US$1 trillion by 2030. However, limited access to fertilisers remains a key challenge for many small-scale farmers, constrained by financing gaps, poor infrastructure and underdeveloped markets.

 

Dangote Fertiliser’s expansion is positioned as a response to these challenges, aiming to reduce Africa’s dependence on imported fertilisers while supporting higher crop yields across the continent.

 

Mupita has led MTN Group, Africa’s largest mobile network operator, for more than five years, having joined the group in 2017 as chief financial officer. Prior to MTN, he held senior roles at South African financial services group Old Mutual and began his career as a trained engineer. His blend of engineering, finance and capital-markets expertise is expected to bolster Dangote Fertiliser’s governance and investor appeal ahead of its IPO.

 

Beyond fertiliser, Dangote Industries is also preparing to list its massive oil refinery business, a move Aliko Dangote has previously described as part of a broader strategy to raise capital, deepen transparency and attract institutional investors.

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Zimbabwe Targets Mercury Emissions in New Power Plant Initiative

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By Everisto Zhuwao

The Environmental Management Agency (EMA) on Thursday launched a major initiative to combat mercury pollution during an inception workshop held at the Holiday Inn Harare. The project specifically targets the mitigation of mercury emissions and releases from coal combustion power plants across Zimbabwe.

The workshop brought together a diverse group of experts and government officials to coordinate a national response to toxic emissions. Mr. A. Matiza, the Deputy Director for Environment in the Ministry of Environment, Climate and Wildlife, officially opened the session. In his remarks, he stressed that collaborative efforts are essential to safeguard both the environment and public health from the dangers of mercury pollution.

Mercury is a significant concern in energy production because it is released into the atmosphere when coal is burned to generate electricity.

The project falls under the Minamata Convention on Mercury, an international treaty designed to protect people and the environment from the harmful effects of mercury.

By focusing on power plants, the government aims to introduce cleaner technologies that reduce these hazardous emissions while maintaining efficient energy production.

Several key organisations participated in the roadmap development, including the Zimbabwe Power Company, Hwange Colliery Company, and the Ministry of Health and Child Care.

Legal and regulatory bodies such as the Zimbabwe Environmental Law Organization and the Procurement Regulatory Authority of Zimbabwe were also present to ensure the project aligns with national laws and international standards.

The initiative seeks to reform existing environmental policies and build technical capacity within local communities and regulatory institutions. By fostering partnerships between government and industry, the project aims to ensure that Zimbabwe’s energy future is both sustainable and responsible.

This collective commitment lays the foundation for a cleaner environment and a healthier future for all citizens.

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Agriculture Anchors Zimbabwe’s Economic Future

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Everisto Zhuwao

Agriculture remains the cornerstone of Zimbabwe’s journey toward national prosperity. The Deputy Minister of Lands, Agriculture, Fisheries, Water and Rural Development, Vangelis Peter Haritatos, reaffirmed this vision during a recent field day hosted by Charter Seeds.

The event served as a platform for the government to outline its ambitious roadmap for the sector.

The Deputy Minister highlighted the government’s commitment to the Agriculture and Food Systems Rural Transformation Strategy 2, an initiative aimed at growing the agricultural sector into a US$15.8 billion industry by 2030.

According to Hon. Haritatos, the ultimate goal is to transition the nation from basic food security to true food sovereignty. This shift will ensure that Zimbabwe maintains full control over its food systems, from seed production to the final market sale.

To achieve these targets, the government is actively investing in critical infrastructure such as irrigation systems and modern mechanisation. These efforts are being complemented by the establishment of village business units designed to empower local farmers.

Hon. Haritatos urged producers to view themselves as businesspeople and custodians of the land. He emphasized that adopting innovative, market-driven practices is no longer optional but a necessity for growth.

Sustainability and data-driven decision-making were central themes of the address. The Deputy Minister reminded the audience that the quality of today’s seeds determines the success of tomorrow’s harvest.

He encouraged farmers to become lifelong students of their craft and to share their knowledge as ambassadors of the agricultural sector.

By focusing on quality seed genetics and efficient resource management, the government believes that agriculture will serve as the primary engine for Zimbabwe’s economic transformation.

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ZERA Hikes Fuel Prices: Now US$1.77 Per Litre

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ZERA Hikes Fuel Prices: Now US$1.77 Per Litre

Fuel prices in Zimbabwe have increased following the Zimbabwe Energy Regulatory Authority (ZERA) ‘s announcement of new petroleum prices, which took effect on March 4, 2026.

In a notice released by the energy regulator, diesel is now priced at US$1.77 per litre, while petrol blend (E5) is selling at US$1.71 per litre.

In local currency, diesel is pegged at ZWG 45.55 per litre and petrol blend at ZWG 44.01 per litre.

The regulator said the new prices will remain in effect for the next two weeks, while authorities continue to monitor developments in the global fuel market.

ZERA indicated that the latest fuel prices were influenced by changes in international petroleum markets, which have pushed prices upward.

However, the Government reduced some of its charges to cushion consumers from sharper increases.

“The above prices are as a result of the government reducing some of its charges to cushion the consumers from astronomical increases that have happened from changes in the international market,” the regulator said in the statement.

According to ZERA, without the Government’s intervention, the price of diesel would have reached US$1.90 per litre, while petrol blend would have been US$1.81 per litre.

The regulator added that it will continue to closely monitor market developments to ensure there is an adequate fuel supply in the country.

Stakeholders were also advised that official petroleum price updates can be verified through ZERA’s official communication platforms, including its website and social media pages.

Zimbabwe reviews fuel prices regularly, largely in line with international oil price movements and exchange rate developments.

The adjustments often have a ripple effect across the economy, influencing transport costs, food prices, and other goods and services.

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