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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.

Dangote Group Turns Nigeria Into Cement Exporter

AFRICANGLOBE - Through its recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into a net exporter of cement. Nigeria was one of the largest importers of the product globally purchasing an estimated 5.1 million metric tons, an amount that heavily weighed on the country’s balance of payments.

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.

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, “

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 Aliko Dangote Ventures Into Construction

AFRICANGLOBE - Aliko Dangote, the owner of Africa’s largest industrial conglomerate, Dangote Group, has announced a multi-million dollar Joint Venture deal with the Italian construction giant Saipem. This will birth a new company to be named Saipem-Dangote Engineering and Construction (E&C).

Dangote May List Africa’s Largest Oil Refinery Being Built In Nigeria

AFRICANGLOBE - Dangote Group, controlled by Africa’s richest man Aliko Dangote, may list an oil refinery it is building in Nigeria once it becomes profitable. The plant, which will be able to process 500,000 barrels of crude a day, will be situated near the commercial hub of Lagos

Dangote Still The Richest Man In Africa

AFRICANGLOBE - Despite the economic downward spiral in recent times, business magnate Aliko Dangote still retains his title as the richest man in Africa. According to Forbes, Aliko's loss of $10 .3 billion which is tagged the biggest loss of the year didn't deprive him of retaining the number one spot in Africa.

Aliko Dangote: Africa’s Richest Man

AFRICANGLOBE - Meet Africa's richest man: Aliko Dangote. Forbes magazine estimates his wealth at $25bn, making him the 23rd richest man in the world with a growing portfolio of investments across Africa.

Africa’s Richest Man Makes Time’s 100 Most Influential People List

AFRICANGLOBE - Nigerian Aliko Dangote, Africa’s richest man and the founder and CEO of industrial conglomerate the Dangote Group, has been named one of Time magazine’s 100 Most Influential People in the world for 2014.

Nigerian Billionaire Considers Buying Oil Fields

AFRICANGLOBE - Dangote Group, controlled by Africa’s richest man Aliko Dangote, is considering the purchase of Nigerian oil fields as international companies plan to sell onshore assets in the continent’s top crude producer. The company, which has interests from cement to sugar, needs to secure a supply of crude oil and a “substantial amount of gas” for a $9 billion oil refinery and petrochemical complex it plans in southwest Nigeria

Africa’s Richest Man Dangote Plans $16 Billion Expansion

AFRICANGLOBE - Dangote Group, the Nigerian company controlled by Africa’s richest man Aliko Dangote, plans to invest about $16 billion in cement, petrochemicals and agriculture over the next four years to boost expansion.

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.

Billionaire Dangote Promises More Investment

AFRICANGLOBE - The president and CEO of pan-African conglomerate, Dangote Group, Alhaji Aliko Dangote has promised to invest and create more jobs opportunities in Nigeria. Dangote, who recently ventured into Nigeria’s petrochemical and agricultural sub-sector stated that the nation’s economy rests more on the shoulders of the private sector

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.