Aliko Dangote Appoints MTN Boss Ralph Mupita to Fertiliser Board

Aliko Dangote Appoints MTN Boss Ralph Mupita to Fertiliser Board

Dangote Industries, the conglomerate led by Africa's richest man Aliko Dangote, has appointed Ralph Mupita, the Chief Executive Officer of MTN Group, to the board of directors of its subsidiary, Dangote Fertiliser Limited.The appointment comes as Dangote Fertiliser ramps up preparations for a potential listing on the Nigerian Exchange (NGX), a move expected to rank among the most significant capital market events in Nigeria in recent years. The decision was confirmed by Vishwajit Sinha, Managing Director of Dangote Fertiliser, in response to media inquiries.Dangote Fertiliser operates one of Africa's largest granulated urea production facilities, a $2.5 billion complex located in the Lekki Free Trade Zone near Lagos. The plant currently produces approximately three million metric tonnes of urea annually and has ambitious expansion plans, including scaling operations and constructing a new facility in Ethiopia, with the goal of becoming the world's largest fertiliser producer by 2028.Mupita's addition to the board is viewed as a strategic enhancement, bringing extensive expertise in capital markets, corporate governance, and leading large-scale African enterprises. As CEO of MTN Group since September 2020, after serving as its Chief Financial Officer from 2017, Mupita has guided Africa's biggest telecom operator by subscriber base through significant growth and digital transformation. He played a key role in the 2019 listing of MTN Nigeria, one of the country's largest initial public offerings, which has since seen revenues more than quadruple under expanded services and strengthened governance.A trained engineer with an MBA, Mupita previously held senior positions at Old Mutual, including as CEO of Emerging Markets, giving him deep experience across financial services, telecommunications, and emerging markets in Africa, Latin America, and Asia.The appointment aligns with rising demand for agricultural inputs across the continent, where the fertiliser sector is projected to become a multi-trillion-dollar opportunity by 2030, according to estimates from the African Development Bank. By strengthening its board with high-profile expertise, Dangote Fertiliser aims to build investor confidence ahead of its anticipated public listing and support its growth trajectory in supporting food security and industrialisation in Nigeria and beyond.

Source: Aliko Dangote Appoints MTN Boss Ralph Mupita to Fertiliser Board

 - NigerianEye
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