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Nairaland Forum / Nairaland / General / Business / 12 Businesses Owned By Aliko Dangote You Probably Didn’t Know (423 Views)
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12 Businesses Owned By Aliko Dangote You Probably Didn’t Know by dododawa1: 7:23am On Dec 29, 2023 |
The wealthiest African and black person in the world, Aliko Dangote is a Nigerian businessman. Bloomberg pegs his net worth at $19.0 billion, compared to Forbes’ estimate of $12.7 billion. After receiving his first degree, he asked his uncle for a $3000 loan so he could begin importing and selling agricultural items in Nigeria. This was the beginning of his commercial life. He traded in Brazilian and Thai textiles, sugar, rice, pasta, salt, cotton, millet, cocoa, and vegetable oil. His company took off right away, and three months later he had paid back the debt from his uncle. He entered the cement business in 1973, purchasing truckloads and profitably reselling them to others. He later started selling sugar, rice, and other goods before returning to the cement business with a factory. Within the first year, he went from having no market share in Nigeria to controlling Below are some Businesses owned by Dangote that you probably didn’t know. Dangote Cement Dangote Cementt, one of Africa’s most popular and successful brands, is owned by Aliko Dangote. His 86 percent stake in Dangote Cement, which is worth $8.64 billion, has greatly increased his wealth. known as Integrated Steel Plc, has an annual manufacturing capacity of 400,000 MT of steel bars and rods. DIL Power Limited The Dangote Oil Fired Power Plant, a 400MW oil-fired power facility, is owned by a firm that produces electricity, DIL Power Limited. Dangote Granite Mines Limited The Dangote group owns and operates a massive granite mine in Ogun State, southwest region. Dangote Fertilizer The largest fertilizer facility in Africa, Dangote Fertilizer, is located in Nigeria, the continent’s largest economy, and it cost $2.5 billion to open. Up to $2.8 million worth of metric tonnes of urea can be produced annually by the plant Twister B.V Dangote Industries Limited (DIL) acquired Twister B.V., a Dutch business that offers high-yield solutions for the processing of natural gas Dangote Agro Sacks Limited Dangote Agro Sacks Limited is another company owned by Dangote. Produced by the company are bags used to package goods Dangote Sinotruk 2017 saw the opening of a $100 million truck assembly plant in Lagos by Dangote Industries. In collaboration with the Chinese business National Heavy Duty Truck Group Company Limited Greenview Development Nigeria Limited (GDNL) The terminal management company for the Dangote Group, Greenview Development Nigeria Limited (GDNL), is in charge of running Terminal E of the Lagos Port Complex (LPC) in Apapa, Lagos. Bluestar Shipping Lines In order to offer top-notch shipping and maritime services Saipem Dangote E&C In order to establish a new construction firm called Saipem Dangote E&C, Integrated Steel PLC Oshogbo Steel Rolling Mills are another property of Dangote. The business, known as Integrated Steel Plc, has an annual manufacturing capacity of 400,000 MT of steel bars and rods. 1 Like 1 Share |
Re: 12 Businesses Owned By Aliko Dangote You Probably Didn’t Know by joinnow: 11:33am On Dec 29, 2023 |
So applying 80/20 principles ... Only 2.5 out of the 11 companies is generating the main profit. 1 Like 1 Share |
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