Materials News

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.

Isondo will produce fuel cell compontents using platinum as a catalyst

South Africa targets auto sector with fuel cell plant

Africa’s first fuel cell component plant using platinum as a catalyst will start production by December aiming to take advantage of rising demand for clean energy cars.

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.

Mark Okoye, Executive Director & Secretary, Anambra State Investment Promotion and Protection Agency (ANSIPPA)

Invest Nigeria - Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)

In March 2015, Anambra was ranked the most transparent and accountable state in Nigeria, complying with all the set standards in public sector accounting, according to the International Public Sector Accounting Standards (IPSAS).

Africa's richest man, Aliko Dangote, begins construction of $1B cement plant In Nigeria

Africa's richest man, Aliko Dangote, begins construction of $1B cement plant in Nigeria

Dangote Cement, Africa’s largest cement producer which is controlled by Nigerian billionaire Aliko Dangote, on Sunday began the construction of a new $1 billion cement factory in Okpella, Edo state, in Nigeria’s southern region.

Skander Oueslati, Co-Head of Sub-Saharan Africa, AfricInvest

Pan-African private equity firm AfricInvest invests in East Africa's Silafrica

AfricInvest, a leading pan-African mid-cap-focused private equity firm, has invested in Silafrica Plastics and Packaging International Limited (“Silafrica”), the leading East African plastics and packaging group with operations in Tanzania, Kenya, Ethiopia, Uganda and India.

Sunny Verghese, Co-Founder, Group Managing Director and CEO, Olam

Olam Bets on Africa Reward as On-The-Go Food Demand to Climb

Olam International Ltd., one of the world’s largest food traders, is hunting for more investments in Africa as it looks to benefit from the continent’s increasing appetite for everything from instant noodles to lollipops.

Nigerian billionaire Abdulsamad Rabiu, Chairman, BUA Group. Credit: theheraldng.com

Nigerian billionaire Abdulsamad Rabiu in talks with China's Sinoma over $1.9B steel and cement deal

Nigerian billionaire Abdulsamad Rabiu’s conglomerate BUA Group is in talks with China’s Sinoma to build a steel plant in Nigeria and two cement plants in East Africa for $1.9 billion.

Kayode Fayemi, Nigeria's Minister of Solid Minerals Development

Nigeria to revive $4.5B Ajaokuta steel mill in 2016, says Solid Minerals Minister Fayemi

Nigeria is aiming to hand over the $4.5 billion Ajaokuta steel complex to private operators this year as part of a plan to kick start its industrial and mining industries, Kayode Fayemi, the country’s minister of Solid Minerals Development, said.

Multinationals in Africa are growing revenues but losing market share to local rivals. Credit: Reuters/Phillimon Bulawayo

Multinationals in Africa are growing revenues but losing market share to local rivals (Infographics)

Whether its Starbucks opening its first coffee store in sub-Saharan Africa next year, or fast-fashion retailer, H&M, opening its first African store in Cape Town, multinationals are lining up to cash in on the vast opportunities in Africa’s growing consumer goods market.

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.

Dow Chemical seeks to triple Africa revenue in five years

Dow Chemical seeks to triple Africa revenue in five years

Dow Chemical Co plans to triple its revenue from sub-Saharan Africa in the next five years and is investing in offices, local staff and manufacturing plants on the continent to meet that target, its head of the region said.

Nigerian can maker GZ Industries takes on Nampak with $71M South African factory

Nigerian can maker GZ Industries takes on Nampak with $71M South African factory

GZ Industries Ltd. of Nigeria plans to expand into South Africa with the construction of a 1 billion rand ($71 million) factory, becoming the second beverage-can maker after Nampak Ltd. to have operations in the country.

Andre de Ruyter, CEO of Nampak Ltd. Photographer: Waldo Swiegers/Bloomberg

Nampak Plans Glass Factories in Africa's Most Populous Nations

Nampak Ltd., Africa’s biggest maker of beverage cans, has agreed with partners to build glass-bottle manufacturing plants to take advantage of growing demand for packaged consumer goods and bottled drinks in the two countries where a quarter of Africans live — Nigeria and Ethiopia.

Abdulsamad Rabiu, Chairman of BUA Group. Rabiu has an estimated net worth of $1.2 billion, according to Forbes

Nigerian billionaire Abdulsamad Rabiu signs $600M construction deal with Chinese firm Sinoma

BUA Group, a Nigerian industrial conglomerate owned by Abdulsamad Rabiu, one of Nigeria’s wealthiest men, has signed $600 million worth of contracts with Sinoma International Engineering Co.

Aliko Dangote, CEO, Dangote Cement

Dangote Seeks Zimbabwe Investments in Cement, Power, Mining

Aliko Dangote, Africa’s richest man, is considering investments in Zimbabwe’s cement, power generation and coal-mining industries as part of an expansion in the southern African nation.

Africa's richest man and China sign $4.3B deal to build cement factories across the continent

Africa's richest man and China sign $4.3B deal to build cement factories across the continent

A Chinese state-owned engineering company has signed a deal worth $4.3bn (£2.8bn) to build factories for a Nigerian cement company run by Africa’s richest man, Aliko Dangote.

Africa’s richest man plans to almost double the continent’s cement production by 2020

Africa's richest man plans to almost double the continent's cement production by 2020 (Infographic)

Africa’s cement wars are heating up. Dangote Cement, owned by Africa’s richest man, Nigerian billionaire Aliko Dangote, has revealed its agreement with a Chinese construction company to build cement plants in 11 countries.

Billionaire Aliko Dangote at Dangote Cement Plc's new plant in Ndola, Zambia. Photographer: Liezel Hill/Bloomberg

Cement is the new oil as Africa's richest man takes on Lafarge

Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom.

Aliko Dangote, CEO, Dangote Cement

Dangote Cement Seeking to Double Capacity to 80 Million Tons

Aliko Dangote, Africa’s richest man, said he plans to double capacity at his cement company to 80 million metric tons a year as the company expands outside its home market of Nigeria.

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.

Private equity in Africa - Context, opportunities, and risks - Global Counsel and Allen & Overy

Private equity in Africa: Context, opportunities, and risks - Global Counsel/Allen & Overy (Infographic & Presentation)

In many ways private equity – with its combination of capital and management expertise – is a perfect fit for Africa. As the scale of Africa’s potential has become recognised among the investment community, private equity has provided an opportunity for those who want to both contribute to, and benefit from, Africa’s growth story.

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.

Listing in Africa - Extractive Industries - KPMG

Listing on African Stock Exchanges - Extractive Industries: KPMG (Report)

The recent lack of growth in the developed markets coupled with perceived improvements in political and macroeconomic stability, policy certainty, and legal systems in many African countries, as well as Africa’s growing middle class and rise in consumption is leading to increasing interest by foreign companies and institutions in Africa as an investment destination.

Africa's Top Ten IPOs in 2014

Africa's Top 10 IPOs in 2014 (Infographic)

Africa’s Top 10 IPOs in 2014

Bryant (ABC) Orjiako, Co-Founder & Chairman of Seplat

Nigeria's Seplat gets more time to make an offer for Afren

British oil producer Afren Plc said the UK Takeover Panel extended the deadline for Nigeria’s Seplat Petroleum Development Co to make a firm offer or walk away.

Protea Hotel Fire & Ice! Melrose Arch, Johannesburg, South Africa. In April 2014, Marriott acquired Protea.

It's time to invest in Africa - Here are 3 ways to get started

Don’t underestimate how important Africa has become to the global economy. Across the continent, including Sub-Saharan Africa, business and infrastructure projects are booming, prompting comparisons with China 20 to 30 years ago.

Bright Africa 2014 - A guide to equity investing on the continent - RisCura

Bright Africa 2014 - A guide to equity investing on the continent: RisCura (Report)

Research done on investor attitudes shows that African markets are expected to be a significantly greater recipient of global capital than they have been in the past, and that African fund managers, both listed and private, will have to comply with the expected global standards in order to benefit from this shift.

Oil rig

Cheap Oil and Africa: The Winners, Losers, and In-Betweeners

When OPEC signaled that it would not put the brakes on oil production in late November, crude’s price plunged. The drop has caused particular hardship in some African countries while proving to be a boon in others.

Igho Sanomi, Founder and CEO, Taleveras Group

Nigerian multi-millionaire oil tycoon Igho Sanomi to build giant oil storage terminal in Equatorial Guinea

Taleveras Group, an oil trading firm owned by Igho Sanomi, a 39 year-old Nigerian businessman, has signed an agreement with Equatorial Guinea’s Ministry of Mines, Industry and Energy to construct what will be one of the largest oil storage terminals in Africa.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Tony Elumelu: The Africapitalist who wants to power Africa

You’ve probably heard by now about the Afropolitans and the Afropreneurs — but what about the Africapitalists?

Standard & Poor's (S&P)

Rising debt levels at odds with Africa's growth narrative: S&P

Africa is often talked about as a region on the rise, but that narrative is complicated by a trend towards fast rising sovereign debt and deficits, according to ratings agency Standard & Poor’s (S&P).

Orji Uzor Kalu

Orji Uzor Kalu: The Nigerian Millionaire Who Wants To Negotiate With Boko Haram

When Orji Uzor Kalu, jet-setting Nigerian businessman and controversial politician is in Abuja, he usually spends most of his time at his sprawling mansion which is located a few minutes’ drive away from the Aso Rock Presidential Villa, the official residence of Nigeria’s President.

Lafarge

Lafarge Nigeria gets approval to merge South African and Nigerian units

Shareholders in Lafarge Wapco , the Nigerian unit of French cement maker Lafarge , on Wednesday approved a $1.35 billion deal combining its Nigerian businesses with Lafarge’s wholly-owned South African subsidiary.

Dangote Cement

Fact of the Day: Dangote Cement is Nigeria's largest company by market capitalization

With a market capitalization of 4.1T Naira ($25.3B), Dangote Cement is the largest company traded on the Nigerian Stock Exchange (NSE).

Ijeoma Agboti, Director, Abraaj Group

Abraaj's Director Ijeoma Agboti on Africa's Consumer Revolution (Video)

The Abraaj Group has invested over $2B in Africa. Why is the continent so appealing to investors?

Cyril Ramaphosa

Cyril Ramaphosa Said to Swap Banks for Burgers as He Takes Office

Cyril Ramaphosa, who took office yesterday as South Africa’s deputy president, agreed to trade his interests in regulated businesses in exchange for stakes in consumer goods companies to avoid conflicts of interest, according to two people with knowledge of the matter.

Striking Miners in South Africa

South African economy contracts for the first time since 2009 recession

South Africa’s economy contracted in the first quarter for the first time since a 2009 recession as the longest mining strike in the nation’s history cut output.