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Iran War Boosts Africa's Richest Man's Wealth

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Africans have turned to one of their own for fuel as the world's supplies run low. But they are not the only ones with the continent's richest man on speed dial.

The Iran War has disrupted global energy markets, creating shortages that have pushed African nations toward domestic solutions. Nigeria's Aliko Dangote, Africa's Richest Man, has seen his refining empire become a critical lifeline.

Dangote's $20 billion refinery near Lagos now supplies gasoline and diesel to multiple African countries, reducing dependence on volatile imports. European and Asian buyers have also sought allocations, boosting revenues.

The surge in demand has added billions to Dangote's net worth, cementing his status as a global energy powerbroker. Analysts say the shift marks a structural change in Africa's fuel security.