Dangote Group of Companies has established a $100 million truck assembly plant in Lagos as part of its efforts to boost foreign exchange and job creation.
The group said in a statement in Lagos that the plant was floated by the group in partnership with...
Nigerian cement tycoon Aliko Dangote remains Africa’s richest person for the sixth year running with a $12.1 billion fortune, despite a nearly $5 billion drop in his net worth for the second year in a row.
Dangote is joined by just two other Nigerian billionaires...
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has lost 32 per cent of his wealth, according to the Bloomberg Billionaires’ Index.
Bloomberg reported that Dangote lost $4.9bn or one-third of his wealth as the combined effect of falling oil prices and...
Africa’s richest man and President of Dangote Group, Aliko Dangote, was at the weekend named among other world leaders such as Russian President Vladimir Putin, American President-elect, Donald Trump and German Chancellor, Angela Merkel as the most powerful persons in the world.
These personalities were...
Africa’s richest man Aliko Dangote has shut down his cement plant in Tanzania due to high energy costs and a technical glitch at the $500 million factory, according to a government source, who confirmed reports in Tanzanian media.
Executives at Dangote Industries Tanzania have recently...
Nigeria is saving about $2bn annually as a result of the local production of cement by different manufacturers, the Dangote Group has stated.
It also stated that the upsurge in cement production had helped increase the manufacturing sector’s contribution to Nigeria’s Gross Domestic Product from...
