Dangote Group
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| Private | |
| Industry | Conglomerate |
| Founded | 1981 |
| Founder | Aliko Dangote |
| Headquarters | Lagos, Lagos State, Nigeria |
Key people |
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| Products |
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| Services |
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| Revenue |
 US$2.642 billion (2012) |
| Profit |
US$1.029 billion (2012) |
Number of employees | 26,000 |
| Subsidiaries |
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| Website | dangote-group.com |
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Footnotes / references [1] | |
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote.[2] 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.[2]
Overview
The company was founded by Aliko Dangote after receiving a $3,000 loan from an uncle.[2] Initially, the company focused on the bulk sale of foods such as rice, but gradually expanded to shipping and the importing of cement.[2] Dangote competed (and competes) with Lafarge, a French company that imported and produced the bulk of African cement.[3]
Today, Dangote Group is a diversified conglomerate, headquartered in Lagos, with interests across a range of sectors in Africa.[4][5] Current interests include cement, sugar, flour, salt, pasta, beverages and real estate, with new projects in development in the oil and natural gas, telecommunications, fertilizer and steel.[3][6][4][7] Competitors in both Nigeria and other portions of Africa include Stallion Group.[8]
Subsidiary companies
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.[9] 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.[10]
Dangote Sugar is another major subsidiary of Dangote, competing with Bua Refinery Ltd. and Golden Sugar Co.[3] Dangote Sugar is the largest sugar refining company in sub-Saharan Africa.[11]
References
- ↑ "Group Corporate Profile" (PDF). Dangote Group Nig.
- 1 2 3 4 Okeowo, Alexis (7 March 2013). "Africa's Richest Man, Aliko Dangote, Is Just Getting Started". Bloomberg. Retrieved 25 October 2016.
- 1 2 3 Akingbade, Akinkunmi (29 September 2016). "As things stand, Nigeria will not achieve its 2023 sugar self-sufficiency plan". Ventures Africa. Retrieved 25 October 2016.
- 1 2 Nsehe, Mfonobong (2 April 2015). "Africa's Richest Man Aliko Dangote Enters Joint Venture With Italian Giant Saipem". Forbes. Retrieved 25 October 2016.
- ↑ Nsehe, Mfonobong (4 September 2016). "Africa's Richest Man Aliko Dangote To Invest $170 Million In Rice, Sugar Production In Nasarawa". Forbes. Retrieved 25 October 2016.
- ↑ Hirsch, Afua (3 April 2012). "Africa's richest man is cementing his place in history". The Guardian. Retrieved 25 October 2016.
- ↑ Dangote Group Ventures Into Fertilizer
- ↑ Saritha, Rai (23 September 2015). "Dubai-Based Billionaire Vaswani's Stallion Group Wants To Dominate Nigeria And All Of West Africa". Forbes. Retrieved 25 October 2016.
- ↑ Dangote Group's Cement Operations Span Six African Countries
- ↑ The Zambian Cement plant has started its operations.Nigerian Tycoon To Invest $400 Million In Zambia Cement Plant
- ↑ Ochelle, Felicia Omari (9 November 2015). "Dangote Sugar has a new Managing Director". Ventures Africa. Retrieved 25 October 2016.