#Dangote Cement

[toogalaxyflower]

Dangote Cement bags best ‘Contributing Employer Award’

Dangote Cement bags best ‘Contributing Employer Award’   By: Femi Mustapha     The Industrial Training Fund (ITF) has named Dangote Cement Plc as the best Contributing Employer for the year 2022 in Kogi State.   In a letter seen by this reporter, the Fund said the award is in recognition of the company’s promotion of “human resource development to generate a pool of indigenous training manpower…

[rnnonline]

Dangote cement's shareholders approved buy-back share

Dangote cement’s shareholders approved buy-back share

The management of Dangote Cement has been given unanimous approval by the company’s shareholders to repurchase up to 10% of the company’s issued shares starting on the day the resolution was passed. The corporation had previously expressed interest in implementing a share buyback program for up to 10% of its issued shares in order to increase shareholders’ value and the company’s return on equity…

[gkingmusik]

Dangote Denies Reducing Cement Price Written by Kelechi Ofor

[afrotumble]

Dangote, Others Generate 15,000MW Of Electricity From Private Plants - Ventures Africa

https://venturesafrica.com/dangote-others-generate-15000mw-of-electricity-from-private-plants/

[paschal107]

Dangote cement company (Message map)

[smlblogtv]

Price Of Bag Of Dangote, BUA, Other Cement This Week

The soaring price of cement in Nigeria has become a pressing issue for consumers and stakeholders in the construction sector. As of 2024, cement prices have experienced sharp fluctuations, with costs driven by a host of economic factors, including inflation, foreign exchange rates, and production expenses. Industry insiders point to several reasons for the surge, with disruptions in the supply…

[streetreporters]

AASU Commends Nigeria's Giant Leap Towards Economic Independence with Dangote Refinery Aviation Fuel Deal

The All-Africa Students’ Union (AASU) has commended the Federal Government of Nigeria for its strategic decision to designate Dangote Refinery as the sole supplier of Jet A1 fuel to the aviation sector. The continental student union noted that the landmark move is expected to yield substantial economic benefits and cement Nigeria’s position as a leader in economic development. “This decision…

[douxlen]

Meet Africa's richest man, a billionaire who doesn't own a home outside Nigeria

New Post has been published on Douxle News

Meet Africa's richest man, a billionaire who doesn't own a home outside Nigeria

Aliko Dangote earned his billionaire status as the founder of the Dangote Group, Africa’s largest cement producer.

... read more !

[savoir-entreprendre]

Aliko Dangote, originaire du Nigeria, est une figure emblématique du monde des affaires et le magnat le plus riche d'Afrique. Avec une fortune estimée à 13,9 milliards de dollars (12,8 milliards d'euros), Dangote est un exemple de réussite entrepreneuriale sur le continent. Cet article explore le parcours de ce titan des affaires, fondateur du plus grand conglomérat industriel du Nigeria, le groupe Dangote, et sa contribution au développement économique de l'Afrique. La Naissance d'un Empire Industriel Le groupe Dangote, fondé par Aliko Dangote, est le vaisseau amiral de cet empire industriel tentaculaire. La société a commencé ses activités dans le commerce de ciment, et a rapidement évolué pour devenir le plus grand producteur de ciment d'Afrique. Dangote Cement, la filiale phare, est aujourd'hui implantée dans dix pays africains, avec une capacité de production annuelle de près de 50 millions de tonnes. Cette production massive permet à l'entreprise de dégager des bénéfices considérables, illustrés par les plus de 600 millions de dollars (548 millions d'euros) versés à Dangote en 2022, en tant qu'actionnaire majoritaire détenant 85 % des parts. Une Vision d'Expansion : La Méga-Raffinerie de Lekki En mai 2023, Aliko Dangote a franchi une nouvelle étape dans son expansion avec l'inauguration de la méga-raffinerie de Lekki, la plus grande d'Afrique. Ce projet ambitieux est destiné à transformer l'industrie pétrochimique du continent. Avec cette raffinerie, le groupe Dangote prévoit d'augmenter considérablement ses revenus, actuellement estimés à environ 4 milliards de dollars (3,6 milliards d'euros) par an. À terme, les revenus annuels pourraient atteindre 30 milliards de dollars (27 milliards d'euros), renforçant ainsi la position de Dangote comme l'un des acteurs économiques les plus influents d'Afrique. L'Impact Économique et Social de Dangote Le succès de Dangote ne se limite pas à l'accumulation de richesses personnelles. Son entreprise a un impact significatif sur l'économie africaine, en créant des emplois et en soutenant le développement des infrastructures. En investissant dans divers secteurs, tels que l'agroalimentaire, la logistique, et l'énergie, Aliko Dangote contribue à diversifier l'économie nigériane et à réduire la dépendance aux importations. Aliko Dangote est un modèle de réussite entrepreneuriale en Afrique. Avec une vision claire et des investissements stratégiques, il a su bâtir un empire qui continue de croître et d'influencer le paysage économique africain. Son histoire est une source d'inspiration pour de nombreux entrepreneurs africains, illustrant que le continent est un terreau fertile pour les opportunités économiques et le développement industriel. https://savoirentreprendre.net/?p=15350&feed_id=11782

[newsbreak365blogs]

Companies listed in the Nigerian Exchange Limited under the Dangote Group dropped about N1.21 trillion of their market capitalization in July 2024 amid the Dangote refinery crisis. The companies, Dangote Cement, Dangote Sugar Refinery, and NASCON Allied recorded a market capitalization decline in the month under review. Accordingly, the companies’ share prices declined by 10 […]

[jayessentialsblog]

Johann Rupert of South Africa overtakes Dangote to become Africa's richest man

Aliko Dangote has been eclipsed by South Africa's Johann Rupert to become the continent's richest person. With his wealth having increased to $13.65 billion, Rupert is now the 154th richest person in the world, according to Bloomberg. As of Friday, August 2, 2024, Dangote's net worth was $13.6 billion, which was around $50 million less than Rupert's wealth. This made the Kano-born business magnate the 156th richest person in the world. Between January and August of 2024, Rupert gained $1.21 billion in fortune. But, the depreciation of the Naira caused Dangote's fortune to plummet significantly. The majority of Rupert's wealth is derived from Cie Financière Richemont, the largest luxury watch manufacturer in the world and a publicly traded corporation that produces and markets high-end merchandise. However, Dangote's 86% ownership in Dangote Cement, which is traded on the stock market, accounts for the majority of his wealth. Read the full article

[mouthpiecengr]

FG Needs To Support Local titans Like Dangote - Femi Otedola

My brother, the Visionary, has built the largest single train refinery in the world, not in Kano, but in Lagos State. He is the owner of the second-largest sugar refinery in the world, also in Lagos State, and the largest cement factory in the world, not in Kano, but in Kogi State. Additionally, he has established one of the second-largest fertilizer plants in the world, soon to surpass the…

[hicginewsagency]

Aliko Dangote affirms Nigeria commitment, no foreign home.

Aliko Dangote stated that he wouldn’t be able to concentrate on his business if he owned properties worldwide. Courtesy image. In a surprising revelation, Aliko Dangote, often touted as Africa’s wealthiest individual, has declared that he does not own a residence outside of Nigeria. The industrialist, renowned for his extensive investments across various sectors, including cement, sugar, and…

[na-mean]

Aliko Dangote is the richest man in Africa and the richest Black man in the world, with an estimated net worth of around $13.4 billion in 2024.

His business empire, Dangote Group, is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate in West Africa.

Dangote's fortune is primarily built from Dangote Cement, although he started his business empire by selling commodities such as sugar, salt, and flour.

While he grew up upper-class, Dangote was entrepreneurial from a young age and started his first business with a loan from his uncle.

After years of construction delays, Dangote's Lagos (Nigeria) oil refinery, the largest industrial project in the history of Africa, began producing diesel and aviation fuel in Jan. 2024.

[study-buddies]

Aliko Dangote: A Legacy of Business and Philanthropy

Aliko Dangote, born on April 10, 1957, in Kano, Nigeria, is a renowned Nigerian businessman and philanthropist. He is best known as the founder and CEO of the Dangote Group conglomerate, a diversified enterprise with interests spanning various sectors.

Hailing from the Hausa ethnic group, Dangote was born to Mariya Sanusi Dantata and Mohammed Dangote. His family background in prosperous caravan trading under British colonial rule, particularly through his grandfather Alhaji Sanusi Dantata, played a significant role in shaping his entrepreneurial journey. At a young age, Dangote’s grandfather instilled in him the values of business acumen and enterprise, which laid the foundation for his future endeavors.

After completing his business studies at Al-Azhar University in Cairo in 1977, Dangote returned to Nigeria and embarked on his entrepreneurial path. With a loan from his uncle, he started a commodities trading business, initially focusing on cement. Over time, his business flourished, leading to the establishment of the Dangote Group in 1981.

Under Dangote’s leadership, the Dangote Group expanded rapidly, diversifying its interests to include foodstuffs, cement, haulage, and other sectors. The conglomerate grew to encompass various subsidiaries, including Dangote Industries Ltd., Dangote Cement PLC, and Dangote Sugar Refinery PLC, among others. With operations not only in Nigeria but also in several other African countries, Dangote’s influence extended across the continent.

One of Dangote’s most ambitious projects was the construction of a massive oil refinery in Lagos state, initiated in 2013. The refinery, along with accompanying infrastructure such as a fertilizer plant and a power station, aimed to address Nigeria’s fuel crisis and significantly impact the country’s energy sector. Despite facing delays, the refinery, upon its partial opening in May 2023, promised to revolutionize Nigeria’s energy landscape.

Dangote’s entrepreneurial prowess translated into immense wealth, earning him a place on Forbes magazine’s annual list of billionaires and Africa’s richest individuals. However, his success was not without controversy, as his name surfaced in the Panama Papers in 2016, linking him to offshore shell companies.

Beyond business, Dangote is renowned for his philanthropic endeavors. The Aliko Dangote Foundation, established in 1994 and renamed Aliko Dangote Foundation (ADF) in 2018, has been instrumental in addressing issues such as childhood malnutrition, disease outbreaks, and disaster relief efforts.

In recognition of his contributions to Nigeria’s economic development and philanthropic efforts, Dangote has received numerous awards and honors, including the Grand Commander of the Order of the Niger (GCON) and various international accolades.

Aliko Dangote’s journey epitomizes the fusion of business acumen with humanitarian values, leaving an indelible mark on Nigeria’s economic landscape and the continent at large.

[lboogie1906]

Aliko Dangote GCON (born April 10, 1957) is a business magnate. He is the founder and current chairman and CEO of the Dangote Group, the largest industrial conglomerate in West Africa.

He was born in Kano, Kano State. His mother, Mariya Sanusi Dantata, was the daughter of businessman Sanusi Dantata. His father, Mohammed Dangote, was a business associate of Sanusi Dantata.

He was educated at the Sheikh Ali Kumasi Madrasa, followed by Capital High School, Kano. He graduated from the Government College, Birnin Kudu. He received a BS in Business Studies and Administration from Al-Azhar University, Cairo.

He approached the Nigerian Ports Authority to lease an abandoned piece of land at the Apapa Port, which was approved. He built facilities for his flour company there. It is the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually. The Dangote Group owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertilizer. The company exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries. It has major investments in real estate, banking, transport, textiles, oil, and gas.

He announced the completion of the Peugeot assembling facility in Nigeria following his partnership with Stellantis Group, the parent company of Peugeot, the Kano and Kaduna state governments. The new automobile company, Dangote Peugeot Automobiles Nigeria Limited factory which is based in Kaduna commenced operations with the roll-out of Peugeot 301, Peugeot 5008, 3008, 508, and Land Trek.

He sits on the board of the Corporate Council on Africa, and is a member of the steering committee of the United Nations Secretary-General’s Global Education First Initiative, the Clinton Global Initiative, and the International Business Council of the World Economic Forum. He was named co-chair of the US-Africa Business Center, in September 2016, by the US Chamber of Commerce. He joined the board of directors of the Clinton Health Access Initiative. He is on the board of One Campaign. #africanhistory365 #africanexcellence