Aliko Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer was born on April 10, 1957, same year Ghana had it’s independence.He has made a mark on the African with his huge fortune and impacting the lives of others through business and networking.
He owns nearly 88% of publicly-traded Dangote Cement through a holding company.
Dangote Cement produces 44 million metric tons annually and plans to increase its output 33% by 2020.
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. It is the largest conglomerate in West Africa and one of the largest on the African continent. It generated revenue in excess of US$3 billion in 2015. The group is one of the leading diversified business conglomerates in Africa, and employs more than 26,000 people.
Dangote Cement, the largest cement production company in Africa, with a market capitalization of almost US$14 billion on the Nigeria Stock Exchange, has subsidiaries in Benin, Cameroon, Ghana, Nigeria, South Africa and Zambia. In December 2010, the group signed an agreement with the Government of Zambia to construct a US$400 million cement plant in Zambia. Once completed in June 2013, as anticipated, the new plant is expected to have an annual output of 1.5 million metric tonnes of cement.
Dangote Sugar is another major subsidiary of Dangote, competing with Bua Refinery Ltd. and Golden Sugar Co. Dangote Sugar is the largest sugar refining company in sub-Saharan Africa.
Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies.