With a track record exhibiting profound resilience and foresight, it comes as no surprise that Dangote Group and its Founder and CEO, Aliko Dangote, are ardent on building the multinational conglomerate into a $100 billion market capitalization business.
A Growing Business
Established in May 1981, such goals may not always have seemed possible from the outside looking in. Dangote Group started as a trading business with an initial focus on cement. With time, the group diversified, trading in cement, sugar, flour, and fish. Today, Dangote Group is one of the largest manufacturing conglomerates in sub-Saharan Africa with subsidiaries in Benin, Cameroon, Ghana, Nigeria, South Africa, and Zambia.
In 2016, it partnered with First Exploration and Petroleum Development Company (First E&P) to acquire Twister, a Dutch engineering company which Aliko Dangote believes to possess cutting edge technology that will unlock three billion cubic feet per day of gas.