Aliko Dangote

Africa’s richest man is also one of its most influential business leaders. The Nigerian-born commodities tycoon is founder and president of theDangote group, West Africa’s largest industrial conglomerate, with manufacturing interests in sugar, flour and cement across West, East and South Africa.

Aliko Dangote – Africa’s richest man

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/2/da3c79c8-3145-11e3-b478-00144feab7de.html#ixzz2uWwzipEH There is something of Fitzcarraldo about the way Aliko Dangote has set about bringing industry to sub-Saharan Africa. In Werner Herzog’s film, the protagonist, Fitzcarraldo, engineers the seemingly impossible passage of a 300-tonne ship from one tributary of the Amazon, over a hill, to another. He is in pursuit of a cargo of rubber to finance construction of an opera house.

Source: www.ft.com | Date: 11th October 2013 Read more

Africa's Richest Man, Aliko Dangote, Is Just Getting Started

Six years ago, Aliko Dangote paid a visit to Tanzania, on Africa’s eastern coast, and shared his dream of having an African-run business empire that would manufacture products all over the continent. To assorted government and business leaders, he announced that he was prepared to make an investment of $600 million to build a cement factory in southern Tanzania, alleviating the shortage in that country’s domestic cement supply. The Tanzanians were skeptical. “They didn’t believe us at all. They thought I was one of these ‘Nigerian 4-1-9’ scammers who try to go and scheme people out of their money,” Dangote says. “Or just one of these clever Nigerians who would come and be lying to them.”

Source: www.businessweek.com | Date: 7th March 2013 Read more