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Why Dangote group is so big in Africa

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Dangote group, has been active in Nigeria since the mid-eighties and has since grown to become one of the biggest business conglomerates in Africa, with interests in sectors as diverse as cement, sugar, flour, salt and oil refining to name a few.

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In 2013 Forbes Magazine named Aliko Dangote the richest black man in the world, with a net worth of $17.4 billion.

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Although this may be an indication of the true extent of his wealth, it remains elusive; most of his companies are registered offshore and he guards his privacy closely so that details of his businesses have not been made public.

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Nigeria’s business magnet Aliko Dangote on an interview with Forbes Magazine

The company’s CEO
The man who has it all and needs nothing more, Aliko Dangote. He is a Nigerian business magnate, investor, and owner of Dangote Group.

A member of Nigeria’s richest 20, he is ranked by Forbes as the #1 richest person in Africa and 191th richest person in the world. His estimated net worth is $15 billion USD (as of October 202). This means that he remains at number 10 on Forbes’ World Billionaires list for 2017. Mr

The company itself
The company has five divisions, which include cement, sugar, salt and flour mills, fertilizers and edible oils. Despite what you’ve probably heard about commodity markets being tough these days, Dangote Group is making an absolute killing in Africa.

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The company reported about 10 billion in profits last year with more than $28 billion of revenue. In 2021, it bought a majority stake (57%) in rival Nigerian cement firm Ogun Cement for $2.25 billion.

The industry it operates in
The reason for Dangote Group’s success lies within its core business activities and its ability to deliver services and products with an exceptional level of service and efficiency.

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While it dominates cement sales across Nigeria, it also has a strong presence in other markets across West Africa. Its plastics manufacturing arm is just as successful.

All of these different businesses are run separately but are ultimately part of a larger conglomerate led by Aliko Dangote, whose vision has driven his company’s growth since day one.

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How its leadership has remained true to the vision
While many other corporations have grown complacent, trapped by their success, as leaders of Dangote Group, Aliko and his family remain steadfastly dedicated to their original vision: to build a successful African corporation.

By staying true to that focus, they’ve created an empire that remains committed to driving Africa forward for generations. The result? This young company has quickly risen from its humble beginnings—and could be on track to becoming one of the world’s most successful corporations.

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