Global credit ratings agency Fitch has downgraded one of Nigeria’s largest conglomerate Dangote Industries Limited owned by Aliko Dangote Africa’s wealthiest man- to B+ because of liquidity challenges and the ability to raise funds. Fitch said the country’s currency (Naira) decline also played a part in the decision to devalue the company and it will...
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Fitch downgrades Dangote Industries on Naira fall, liquidity concerns
Aliko Dangote
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
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