Africa’s richest man and most successful industrialist, Aliko Dangote, today revealed the secret of his business success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes. “We are not going to import anything any longer,” Dangote said, in the presence of Nigerian vice-president Professor Yemi Osinbajo, Congolese presidential hopeful Moise Katumbi, […]
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Dangote Group and two leading African agricultural organisations — GrowAfrica and Nigeria Agribusiness Group — have signed a Memorandum of Understanding (MoU) in a bid to boost private sector’s investment in agriculture. The MoU was signed during the GlowAfrica and NABG Private Sector Consultative Meeting held in Lekki, Lagos. Mr Sani Dangote, the Vice-President of […]
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Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has urged the Dangote Group to expedite work on its crude oil refinery to enable it to come on stream before the end of 2019. Kachikwu stated this on Monday in Lagos during his visit to the site of the Dangote refinery. Earlier, the President/Chief Executive, […]
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Dangote Industries Limited sold a 2.3 percent stake in Dangote Cement to foreign investors on Tuesday in a stock market deal valued at ₦86.1 billion ($236 million). Africa’s biggest cement maker has been selling small stakes to increase its free float, which is well below the Nigerian stock exchange’s required level. A spokesman for the […]
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Africa’s largest cement producer, Dangote Cement, has recorded a significant 12.6 percent increase in sales volume across Africa, reflected in its unaudited results for the six months ended 30th June 2017, In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a growing capture of […]
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Aliko Dangote; still Africa’s richest despite naira fall Although, Africa’s richest man, Nigerian Aliko Dangote dropped to 105th on the 2017 Forbe’s real-time billionaires’ ranking, he maintains the lead in Africa, as the richest man. Dangote, who was ranked 51st in 2016 with a net worth of $15.4 billion, currently has a net worth of […]
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Federal Government has handed over the Apapa Wharf troubled road to Dangote and Flour Mills for concrete overlay reconstruction which is expected to gulp ₦4.3billion. This was the outcome of the Memorandum of Understanding (MOU) signed at the weekend in Lagos by the Federal Government with the two companies to repair the road. The construction […]
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Dangote Cement Plc has further increased its production capacity across Africa through the addition of 1.5 million metric tonnes per annum in the Republic of Congo. The just completed new manufacturing plant is located at Mfila, outskirt of Brazzaville. Speaking while giving an update on the project to journalists at the plant, Mr. Ganapathy Bala, […]
Read More Dliko Dangote, president, Dangote Droup, at the weekend said Godwin Emefiele, governor of Central Bank of Nigeria (CBN) contributed in saving the economy which went into recession last year. Dangote said this while presenting the 2016 Zik Prize award for professional leadership won by Emefiele. He commended the CBN governor for his interventions in agriculture […]
Read More The Dangote Group has disclosed plans to invest $1bn in rice cultivation in five states to boost food self-sufficiency in the country. The group stated this in a statement made available to our correspondent on Monday. Speaking at the just concluded 2017 Gateway Trade Fair, which held in Abeokuta, Ogun State, a director of the […]
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The Nigerian Content Development and Monitoring Board has announced a collaboration with Dangote Industries Limited aimed at ensuring maximum utilisation of local capacities in the construction of the company’s 650,000 barrels per day oil refinery. The NCDMB, in a statement on Sunday, said the company also pledged to utilise certified Nigerian service companies for the […]
Read More Thousands of farmers in north contracted to grow tomatoes for a set price are shunning the crop this season after pests destroyed much of last year’s produce, leaving the processing factory set up by Aliko Dangote, Africa’s richest man, short of raw materials, Bloomberg reports. Established to process 1,200 metric tons of tomatoes each day […]
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