Africa's richest man Aliko Dangote eyes 2016 London Stock Exchange listing of Dangote Cement (Video)

Africa’s richest man Aliko Dangote eyes London Stock Exchange listing of crown jewel Dangote Cement
Africa’s richest man, Aliko Dangote, plans to list Dangote Cement on the London Stock Exchange sometime before the end of 2016.

Aliko Dangote is the Chairman of Dangote Group, one of Africa’s largest conglomerates.

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The Dangote Group is a diversified conglomerate, based in Lagos, Nigeria, with interests spanning a range of sectors across Africa. Current businesses of Dangote Group include cement, sugar, flour, salt, pasta, beverages, and real estate. Furthermore, Dangote Group has new projects in development in oil and gas, telecommunications, fertilizer, and steel.

The crown jewel of the Dangote empire is Dangote Cement, the largest cement production company in Africa.

Dangote Cement is currently listed on the Nigerian Stock Exchange (NSE) and, with a market capitalization of 3.144 trillion Nigerian Naira (about 15.8 billion US Dollars), Dangote Cement is the largest company on the NSE, by market capitalization.

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Dangote Cement has subsidiaries in Benin, Cameroon, Ghana, Nigeria, South Africa, and Zambia.

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