Dangote Industries has appointed the Chief Executive Officer of MTN Group, Ralph Mupita, to the board of Dangote Fertiliser Limited.
The appointment was confirmed by the Managing Director of Dangote Fertiliser, Vishwajit Sinha, in an email response to enquiries from Bloomberg.
This is as the Group plans to expand the business and list it on the Nigerian Exchange (NGX).
The move is widely seen as a strategic step ahead of the company’s proposed initial public offering (IPO), which is expected to take place later this year.
Dangote Fertiliser currently produces about 3 million metric tonnes of granulated urea annually from its $2.5 billion production complex in Lagos.