BUA Group secures US$200m from Africa Finance Corporation to complete its sugar facility

NIGERIA – Africa Finance Corporation (AFC) has approved a US$200 million corporate facility for BUA Industries, a member of the BUA Group (BUA), to complete its vertically integrated sugar facility in Lafiagi, Kwara State, Nigeria. The proceeds will be utilised for the development, construction, commissioning and operations of a 20,000 hectares plantation, 2,200,000 tons sugar milling plant and a 200,000…

Read More

BUA Group signs contract for the establishment of a polypropylene plant in its refinery

NIGERIA – BUA Group, an indigenous conglomerate, has announced that it has signed a contract agreement with Lummus Technology for the establishment of a polypropylene plant in its refinery and petrochemical project. The completion of the project is to help boost Nigeria’s capacity to meet the country’s increasing demand for petrochemical products. The Chairman of BUA Group, Abdul Samad Rabiu,…

Read More

BUA Group partners French company in development of mega refinery facility

NIGERIA – BUA Group, one of Africa’s leading Foods, Mining, & Infrastructure Conglomerates has partnered with Axens Group- a leading French company- in the development of a mega petroleum refinery facility in Nigeria. According to a statement from BUA, the agreement is specifically for the supply of process technologies to support the development of the 10million tonnes per annum megarefinery…

Read More

Chairman of BUA Group donates US$2.73m, equipment to support COVID-19 eradication

NIGERIA – Nigeria’s industrialist and the founder of BUA Group, Abdul Samad Rabiu, has donated N1billion (US$2.73 million) in cash through the BUA Foundation to support the Federal Government’s bid to effectively tackle the coronavirus scourge in the country. Rabiu also donated testing kits and medical protective gear to nine states in the country. The medical equipment are expected to…

Read More

BUA Group to acquire majority stake in construction and mining firm P.W Nigeria

NIGERIA – BUA Group, a leading food, cement and infrastructure conglomerate, has announced its acquisition of majority shareholding in P.W.  Nigeria Limited, one of the largest constructions, engineering and mining companies in Nigeria. This is part of the conglomerate’s mission to further deepen its investments in the infrastructure business in sub-saharan Africa. “This acquisition marks the beginning of the next…

Read More