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Aliko Dangote Makes $17 Billion Bid For Immortality

AFRICANGLOBE - In many ways, Dangote’s ascent recalls that of Gilded Age tycoons such as Andrew Carnegie and Cornelius Vanderbilt, who accumulated great fortunes as they created industries.

Aliko Dangote Is The World’s Richest Black Person—Here’s How He Made...

AFRICANGLOBE - Globally Nigerians take the lead on lists of Black billionaires, and one, Aliko Dangote, takes the top spots. With an estimated net worth of $10.3 billion, the Dangote Group founder is the richest man in Africa. According to Forbes, he's also the richest Black person in the world.

Aliko Dangote Pumping Billions Into Agriculture

AFRICANGLOBE - Against the background of Nigeria’s economic vulnerability, President of Dangote Group, Aliko Dangote has stated that the current efforts of the Nigerian Federal Government at diversifying the economy to an agriculture-centered economy remain the viable solution to creating a healthy economy.

Dangote And Sinotruck Set Up Truck Assembly Plant In Nigeria

AFRICANGLOBE - 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, the executive director of Dangote group said. The joint venture, which is 65% owned by Dangote and 35% by Sinotruck will assemble components and knocked down parts imported from Sinotruck to the Nigerian plant.

Top Eleven Black Billionaires Of 2016

AFRICANGLOBE - Nigerian cement tycoon Aliko Dangote is still the richest Black person in the world by far with a fortune estimated at $14.4 billion, down from $15.7 billion last year. Coincidentally, the second richest Black person in the world this year is also a Nigerian- Mike Adenuga, a businessman who has built a $10 billion fortune on mobile telecom, oil and real estate investments.

Take A Look Inside The Massive Obajana Cement Plant Owned By...

AFRICANGLOBE - The Dangote Cement plant in Obajana, Nigeria is the single largest cement plant in Africa producing up to 30 000 tons of cement daily. The giant plant is fully powered by four GE gas turbines that run on natural gas and Automotive Gas and Oils, providing sustainable power for the business to meet its production targets.

Massive Dangote Refinery To End Nigeria’s Fuel Shortage

AFRICANGLOBE - A plan by Africa's richest man to transform one of the continent's largest oil industries is taking shape on a swampy piece of land outside Nigeria's commercial capital, Lagos. Nigerian industrialist Aliko Dangote is constructing a refinery that has the capacity to turn 650,000 barrels of oil into gasoline, diesel, kerosene and jet fuel — enough to potentially satisfy all the country's daily needs.

Africa’s Richest Man To Pump Billions Into Zimbabwe

AFRICANGLOBE - Africa’s richest man, Aliko Dangote of Nigeria, has said he is ready to invest billions of dollars in Zimbabwe’s economic enablers, among them power generation, cement production and coal mining. The investments will start early next year as long as the Government of Zimbabwe expedites logistical issues.

China Signs Deal With Africa’s Richest Man, Aliko Dangote

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

Cement Is The New Oil As Africa’s Richest Man Takes On...

AFRICANGLOBE - Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom. All that stands in his way is the world’s biggest cement maker French company LafargeHolcim Ltd.

Dangote To Open Four More Cement Plants In 2015

AFRICANGLOBE - “We are spearheading the economic revolution in several African countries; we are a strong advocate of Africans investing in Africa, “

Nigeria: Dangote’s Smooth Landing

AFRICANGLOBE - 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.

Dangote Group On The Africa Opportunity

AFRICANGLOBE - Dangote Group's refinery, with an output of 650,000 barrels per day, will be the biggest petrochemical complex in the world in one single location. It will cost $12bn to build, and will generate a turnover of $24bn per year.

Africa’s Richest Man Explains Interest In Buying Arsenal

AFRICANGLOBE - speaking to senior Nigerian journalists in Lagos on Saturday, the Nigerian billionaire explained that he is interested in buying the Premier League team to promote Nigeria internationally. “The issue is that if I buy all the Nigerian clubs, the Nigerian flags will continue to remain here. But buying Arsenal will take the Nigerian flag worldwide. Just like whenever Abramovich is mentioned, the name of his country, Russia comes up. Everyone knows he’s Russian,” Dangote said.

Africa’s Richest Man Looks To Take On The Gunners

AFRICANGLOBE - Not satisfied with his 16 billion euro business empire, Africa's richest man has said he now wants to buy Arsenal football club. Aliko Dangote pulled out of buying a stake in the London club four years ago but thinks the time will soon be right to secure a deal.

Africa Has The Fastest Growing Amount Of Rich People

AFRICANGLOBE - Africa has the fastest growing high net worth (HNW) individual market in the entire world; this is according to the New World Wealth Africa Wealth Report for 2015. According to the report, the number of African individuals classified as HNW has increased by 145 per cent over the past 14 years, compared to worldwide HNW growth of 73 per cent over the same period.