Dangote Group News

Lagos, Nigeria

Fifty years of Lagos. But what about the next 50?

The Nigerian megacity of Lagos, with its 20 million inhabitants, is the biggest in sub-Saharan Africa and is celebrating its 50th anniversary.

Aliko Dangote, CEO, Dangote Group

Africa's richest man promises to list refinery on Nigerian Stock Exchange

Aliko Dangote, the founder of the Dangote Group, has promised to list his Dangote Refinery on the Nigerian Stock Exchange.

Aliko Dangote, CEO, Dangote Group

Aliko Dangote: In for the long haul

Aliko Dangote, Africa’s richest man, is optimistic that the only place to invest in today is Africa.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote plans rice mill in Nigeria to tap growing demand

Dangote Group, controlled by Africa’s richest man Aliko Dangote, plans to launch a rice mill with a farm scheme in Nigeria to tap growing demand for paddy in Africa’s biggest economy.

Aliko Dangote, Founder & CEO, Dangote Group

How the Dangote Group will become a $100B business

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.

Aliko Dangote, Founder & CEO, Dangote Group

Dangote & China's Sinotruck partner to build $100M truck plant in Nigeria

Africa’s richest man Aliko Dangote has partnered with China’s heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export.

Aliko Dangote, President, Dangote Group. Credit: CNBC Africa

I will build Dangote Group into a $100B business, I still have plans to buy Arsenal, says Africa's richest man Aliko Dangote (Video)

“If you are in Africa or in Nigeria for the short-term, then you shouldn’t be there,” says Aliko Dangote, the President of Dangote Group.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Aliko Dangote to invest $170M in rice & sugar production in Nigeria

Aliko Dangote, Africa’s richest man, has announced that he will invest more than $170 million in the production of rice and sugarcane in Nasarawa state, north-central Nigeria.

Cape Town, South Africa. Photograph: Eric Nathan/Alamy

A New Map for Business in Africa

Only a few years ago, Africa was being dubbed “the next Asia,” and multinationals watched with mounting interest as local economies boomed across the continent.

Aliko Dangote’s ventures usually come hand-in-hand with investments in basic infrastructure such as roads and electricity supply, which benefit the local community.

Dangote Group: A trend-setter for Africa's leadership

After three and a half decades in operation, the Dangote Group has grown from a small trading business in Nigeria to become sub-Saharan Africa’s largest manufacturing conglomerate, emerging as a net economic contributor to all the countries in which it operates.

Africa’s richest man, Aliko Dangote (Left), has a net worth of about US$18 billion, according to Forbes. Tom Saater/Bloomberg

Ranks of African millionaires swell

The sinking tide of commodity prices has lowered incomes for the rich and poor, but for a growing class of African millionaires, the effect may be less painful than for others.

Aliko Dangote, President and Chief Executive Officer of Dangote Group and Co-Chair of the World Economic Forum (WEF) Annual Meeting 2014, speaks during a session at the WEF in Davos January 22, 2014.

Africa's richest man Dangote makes bid to acquire controlling stake of Peugeot Nigeria

Aliko Dangote, Africa’s richest man, has teamed up with two Nigerian states to bid for a majority stake in Peugeot Automobile Nigeria (PAN) Limited, a local joint venture with the French automaker, the governor of Kaduna State said on Thursday.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote opens Nigeria tomato factory to vie with Chinese imports

Dangote Group, owned by Africa’s richest man Aliko Dangote, opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China.

South Africa's MTN is the most admired brand in Africa

MTN, Samsung and Coca-Cola top list of most admired brands in Africa

Brand Africa has announced that MTN is the overall best brand in Africa and reclaimed the #1 spot as the Most Admired Brand in Africa at a gala launch of the 4th Annual Brand Africa 100: Africa’s Best Brands at Sandton Convention Center.

Aliko Dangote, pictured with his daughter, Halima, at the TIME 100 Gala in New York. Credit: dailymail.co.uk

Aliko Dangote: 5 Things You Can Learn From Africa's Richest Man

A look into one of the wealthiest men on the planet, and what we can learn from his story.

Aliko Dangote, Dangote Group's Chairman and Africa's richest man

Buying Arsenal will put Nigeria on the map, says Nigerian billionaire Aliko Dangote

Nigerian businessman Aliko Dangote says that he is interested in purchasing Premier League club Arsenal in order to boost the profile of his homeland.

Nigerian billionaire business man Aliko Dangote. Credit: Benedicte Kurzen/NOOR/theafricareport.com

Billionaire Aliko Dangote's smooth landing

With a new government in power, the business magnate is betting on his huge refinery and agriculture projects taking off. Meanwhile, Dangote Cement continues an expansion plan that has left others scrambling to catch up.

Africa's richest man Aliko Dangote on the Africa opportunity

Africa's richest man Aliko Dangote on the Africa opportunity (Video)

Dangote Group is one of Africa’s leading industrial conglomerates, with interests in everything from cement to food. Yet one of the most promising ventures, in the eyes of founder, president, and CEO Aliko Dangote, is to develop Nigeria’s natural-gas sector into an export industry.

Aliko Dangote, Africa's richest man, is investing $11 billion to build a 500,000 barrel/day refinery in Nigeria, scheduled to come online by mid-2018.

Is Nigeria poised for a massive refining boom?

President Obama was not among the heads of state at the inauguration of incoming President Muhammadu Buhari on May 29, 2015. However, in his private conversations with Nigeria’s new president, he might offer Mr. Buhari some encouragement that, beyond the friendship between their nations, they share something else in common.

Aliko Dangote, Chairman, Dangote Group

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

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.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Aliko Dangote and Italian giant Saipem form joint venture Saipem Dangote E&C

Saipem has entered into a Joint Venture with Dangote Group, one of Africa’s leading companies, to create a new company named Saipem Dangote E&C.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Aliko Dangote may list Nigeria crude refinery once it's profitable

Dangote Group, controlled by Africa’s richest man, may list an oil refinery that it’s building in Nigeria once it becomes profitable.

Aliko Dangote, Chairman, Dangote Group

Dangote Cement hires ex-Holcim India Head Onne van der Weijde as CEO

Dangote Cement, Africa’s biggest producer of the building material, hired Onne van der Weijde as chief executive officer, its outgoing CEO said.

Bob Diamond, former CEO of Barclays and current CEO of Atlas Merchant Capital

Why Barclays former CEO Bob Diamond is doubling down on Africa with his new investment outfit Atlas Merchant Capital

Standing outside the Belvedere Hotel, one of the busiest meeting places here in Davos on a bitter cold Swiss morning, are dozens of the most powerful business leaders waiting to get through security to attend a breakfast event at the 45th annual World Economic Forum.

Aliko Dangote, Chairman, Dangote Group

Aliko Dangote, Africa's richest tycoon, adds another $2B into Nigeria refinery

Aliko Dangote, Africa’s richest businessman, is increasing the size of his investment in an oil refinery, petrochemical and fertiliser plant in Nigeria by more than a fifth to $11bn despite a looming slowdown in Africa’s biggest economy.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Africa's Richest 2014 Visualization

Africa's Richest 2014 (Visualization)

Visualization of Africa’s Richest 55. Data courtesy of Ventures Africa. Sort and filter by Net Worth (US $). Filter by Number of Jobs Created, Country of Citizenship, Industry, Age, and Gender.

Brand Africa 100 - 2014

Fact of the Day: MTN is the most valuable brand in Africa - Brand Africa announces top 100 brands in Africa for 2014

The annual ranking of the most admired and most valuable brands in sub-Sahara Africa, Brand Africa 100, was announced earlier today at the Nairobi Securities Exchange, in Nairobi, the capital of Kenya.

Oil Refinery

Dangote Group expects Nigeria oil refinery to come on-stream by mid-2018

Dangote Group, controlled by Africa’s richest man, expects an oil refinery it is building in Nigeria to come on-stream in late 2017 or the first half of 2018.

Folorunsho Alakija of Nigeria is the richest black woman in the world, ahead of Oprah Winfrey, with a personal fortune of $7.3bn from oil and gas. Photograph: Bennett Raglin/Getty Images

Nigerian billionaires dominate African rich list with £49B ($78B) between them

Nigeria has more billionaires than any other country in Africa, including the continent’s wealthiest man and the world’s richest black woman, according to a ranking published this week.

Tony Elumelu, Chairman of Heirs Holdings, Chairman of Transcorp, and Chairman of UBA Group

Nigeria's four newest billionaires: Tony Elumelu, Cletus Ibeto, Benedict Peters, & Akanimo Udofia

Nigeria has four new billionaires, according to wealth research done by Ventures Africa.

Aliko Dangote, Chairman, Dangote Group

Nigeria's Aliko Dangote and Mike Adenuga top Venture Africa's list of Africa's richest

Ventures Africa just released its 2014 list of the richest individuals in Africa. The usual suspect, Nigeria‘s Aliko Dangote, tops the list with a net worth of $25.7B.

DP World wants to forge ahead with more investments despite a legal battle to keep hold of its concession to run Djibouti’s container terminal, above.

Africa offers UAE investors outsize returns

UAE companies and sovereign wealth funds including DP World and Investment Corporation of Dubai (ICD) are keener than ever to invest in Africa.

Aigboje Aig-Imoukhuede,Nigeria, President of the Nigerian Stock Exchange (NSE) Council

Aigboje Aig-Imoukhuede takes over from Aliko Dangote as the President of the Nigerian Stock Exchange Council (Video)

The Nigerian Stock Exchange (NSE) held its annual general meeting on September 25th, 2014, reporting a 183% jump in operating surplus to N3.26B.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote says further deals with Dubai may run into billions of dollars

Africa’s richest man, Aliko Dangote, said further deals with the Investment Corp. of Dubai may run into billions of dollars after the Emirati holding company invested $300 million in his cement business last month.

Aliko Dangote, Chairman, Dangote Group

In Africa's oil capital, Africa's richest man built an empire on sugar

As Africa’s global business prominence continues to surge, so too does Aliko Dangote’s profile as one of the region’s most recognised entrepreneurs.

Trojan General Contracting

Arabian Gulf companies commit $19B to West Africa infrastructure projects

African countries secured commitments from companies in the Persian Gulf totaling $19 billion to invest in roads, railways and airports at the first West Africa Investment Forum held in Dubai on Tuesday.

Aliko Dangote, CEO, Dangote Group

Africa's richest man Aliko Dangote sells $300M minority stake in cement firm to Dubai sovereign wealth fund

Africa’s richest man Aliko Dangote is selling a stake in his cement company to a sovereign wealth fund owned by the government of Dubai, United Arab Emirates.

Jeff Immelt, Chairman & CEO, General Electric

General Electric to invest $2B in Africa

Africa is expected to receive $2 billion worth of investments from multinational conglomerate GE (General Electric).

Aliko Dangote

Aliko Dangote, Africa's richest man, partners with Blackstone and Carlyle for Africa investments

Blackstone Group LP (BX) and Carlyle Group LP (CG), the world’s two biggest private-equity firms, sought a partner in Africa to invest in the continent’s burdened energy infrastructure.

Aliko Dangote

Cementing Africa's future: The rise and rise of Aliko Dangote, Africa's richest man

Aliko Dangote made his fortune by gambling on Africa’s future, repeatedly. For the Nigerian entrepreneur, that gamble has paid off spectacularly.

Aliko Dangote, Africa's Richest Man

Africa's Richest Man: Aliko Dangote, Founder & CEO, Dangote Group (Video)

Africa’s Richest Man: Aliko Dangote, Founder & CEO, Dangote Group