Tag: Dangote Cement
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.
Manufacturing: Dangote’s Ever-Widening Network Of African Production
AFRICANGLOBE - Catching older European rivals like lafarge and Heidelberg Cement on the hop – both are now desperately scrambling to invest in african production – Dangote Cement has the continent in its sights.
With Cameroon And Senegal Clinched, Dangote’s Quest For Cement Domination Hitting...
AFRICANGLOBE - Nigeria’s largest cement manufacturer, Dangote Cement, is fast on track to expand into 13 other African nations as production on a $150 million plant in Cameroon has commenced. The company added in a statement on Tuesday that it has also inaugurated a further 1.5 million Metric Tonnes Per Annum (mmtpa) capacity to its Senegal plant in Pout this January.
Africa’s Richest Man To Sell Stake In Cement Firm To UAE...
AFRICANGLOBE - 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.
Dangote Cement Earnings Soar 29% In Q3
AFRICANGLOBE - Dangote Cement, a subsidiary of Dangote Group, has seen its Q3 net income rise 29 percent following radical investment projects across Africa and deeper local market penetration. Nigeria’s largest cement producer posted a N156.1 billion ($981.7 million) figure as compared to N107.1 billion ($673.5 million) recorded last year, with share price surging 59 percent this year to close at N190 ($1.19) as at this morning.
Ethiopia Hails Dangote’s Investment in Cement Plant
Dangote Cement is Nigeria's leading cement producer with three plants in Nigeria and plans to expand in 13 other African countries. The Group is a fully integrated quarry-to-customer producer with production capacity of 19.25mta in Nigeria, with plans to increase to at least 29mta in 2015.
South Africa Wealth Fund to Expand Investment In Dangote Group
AFRICANGLOBE - Public Investment Corporation (PIC), South Africa’s biggest sovereign wealth fund, on Monday said last week’s transaction with Dangote Cement will open up new acquisition prospects in Dangote’s other operations.
Dangote Hits U.S.$20 Billion Mark, Now 25th Richest in the World
AFRICANGLOBE - With his fortune, Dangote is richer than Russia's richest man, Alisher Usmanov, richer than India's Lakshmi Mittal and running neck and neck with India's Mukesh Ambani. He is also snapping on the heels of such Americans as Google's billionaire founders Larry Page and Sergey Brin.
With $12 Billion, Aliko Dangote Tops Africa’s Billionaires
AFRICANGLOBE - Aliko Dangote tops the Africa's billionaires list for the second year running, with a net worth of $12 billion, up from $10.1 billion in November last year, according to Forbes World's Billionaires 2012.
Dangote Plans Global Expansion, First Stops Iraq, Myanmar
AFRICANGLOBE - Dangote Cement intends to expand outside of Africa, revealing plans for cement plants in Iraq and Myanmar, as the company continues a strategy of globalisation.Aliko Dangote – Africa’s Richest Man with a staggering net worth of $11.2 billion (Forbes, 2012) – hopes to see construction begin on cement plants in Iraq and Myanmar by next year, he disclosed in a recent interview with the Financial Times.
Tanzania Turns to Dangote For Cement Supply
AFRICANGLOBE - Africa’s largest cement producer Dangote Cement is expected to supply Tanzania’s 1 million ton cement deficit from its expansion into the new market, a new report by the Tanzania Investment Centre (TIC) has disclosed.
5 Business Lessons From Africa’s Richest Man, Aliko Dangote
AFRICANGLOBE - Worth a staggering $11.2 billion, Aliko Dangote is the richest man in Africa and amongst the richest 100 people in the world. A commodities titan who is also a cement king, his business interests continue to expand. He is also a philanthropist who has given away millions to education, health and social causes, notably giving $600 to each person displaced by the post-election violence in Nigeria. We look at five important lessons that can be learned from Dangote’s success.
Dangote Cement Leads Forbes Top 25 Listed Companies
Dangote Cement Plc has emerged Forbes Africa top 25 West African listed companies.The event titled, 'The Top Listed West African Companies" was a celebration...
UBA in Talks With Dangote for Pan-African Alliance
United Bank for Africa is in talks with billionaire industrialist Aliko Dangote, for a partnership to provide banking services to his Dangote cement empire...
Africa’s Richest Man to List Company in London
Aliko Dangote has commenced plans to list his N1.76 trillion ($11 billion) cement business, Dangote Cement Plc, on the London Stock Exchange next year.Africa's...
