Aliko Dangote, Africa’s richest man, is officially stepping down as the Chairman of Dangote Sugar Refinery after 20 years in that role. His retirement takes effect on June 16, 2025, which also happens to be his 68th birthday, making it both a personal and professional milestone. During his time leading the company, Dangote played a major role in transforming it into one of Nigeria’s most recognized and successful businesses. He pushed hard to boost local sugar production, reduce Nigeria’s reliance on imports, and create jobs. His impact went far beyond profits. He helped drive industrial growth and contributed to strengthening the Nigerian economy.

Now, the company is entering a new chapter. Arnold Ekpe, a respected business leader with years of experience across Africa’s banking and industrial sectors, has been appointed as the new Chairman. The transition is part of a long-term plan to keep the company strong and focused on growth. Ekpe brings a deep understanding of corporate leadership and is expected to continue building on the solid foundation that Dangote helped establish.

As news of Dangote’s retirement broke, the business world and political figures in Nigeria took time to recognize his achievements. President Bola Ahmed Tinubu was among those who offered praise, and several top banks, including GTBank, Access Bank, and First City Monument Bank, created custom-made cakes to celebrate his birthday and his long-standing impact on Nigerian industry. The cakes were creatively designed to reflect his major business ventures—cement, oil, and sugar—which shows just how much his name is tied to the country’s economic development.

Even though he’s stepping down from his role at Dangote Sugar, this isn’t the end of his involvement in business. Dangote remains a central figure in Africa’s industrial landscape and will likely continue to play a key role in other areas of his vast business empire. For Dangote Sugar Refinery, this leadership change signals a fresh start, but one that still carries the legacy of a man who spent two decades shaping its direction. With new leadership in place, the company looks set to keep pushing forward, staying true to its vision while evolving for the future.