• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Aliko Dangote among the 100 richest persons in the world

02/01/2020
Reading Time: 2 mins read
Aliko_dangote, Dangote cement, ghanatalksbusiness.com

Africa Entrepreneur, Aliko Dangote

405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

Aliko Dangote ended the year 2019 with US$4.3 billion more in assets (Bloomberg.com).  This makes him the 96th richest person in the world and still the first in Africa.  This follows his end of decade net worth of US$15 billion.   

As he nears the completion of the one of the largest oil refineries in the world, his fortunes would be expected to shoot up significantly.  He expects total group revenue to grow to about $30 billion from $4 billion when the plants start operations in the next 2 years.

The plant’s capacity is more than enough to meet Nigeria’s entire fuel consumption.  The refinery also has the capacity to end importation of oil into Africa.

Biggest Cement Producer

He intends to clutch on to the tag of the ‘biggest cement producer’ with his expansion drive that will see him expand cement capacity in Africa by 29% to 62 million tons.  The expansion is targeted to the local Nigerian market where he plans to add six million tons next year, taking volume in Dangote Cement Plc’s home market to 35 million tons.  Other expansion drives are targeted to other West African countries. 

So far Dangote cement produces in about 14 countries in Africa and plans to introduce the other commodities that drive his empire.  The other products that have helped beef up his fortunes include sugar, flour and oil.  He recently made a statement in business summit of expanding his sugar business to Ghana.  According to him Ghana would grow its sugar for the first time.  His passion to take the African market in a consolidated form is very tangible.

Dangote in Ghana

Dangote Cement has operated in Ghana since 2011, importing and bagging bulk cement at its terminal in Tema and selling into the domestic market.  It was recently upgraded to handle up to 1.5Mta of bulk cement per year and we have begun importation of cement from our factories in Nigeria to reduce our need for cement imported from outside the ECOWAS region.  He competes mainly against the local GHACEM and others like Diamond and CIMAF. 

Ghana Talks Business: ghanatalksbusiness.com

Previous Post

State Institution Leaders who lost their positions in 2019

Next Post

Bank of Ghana: We did not ‘ambush’ Ghanaians in introducing new notes

Related Posts

Most influential Africans

2019 Most Influential Africans – as compiled by The Africa Report

24/05/2020
billionaires_in_africa

Top 5 billionaires in Africa and how they made their money

25/04/2020
Africa's wealthiest man

Africa’s wealthiest man ends 2019 $4.3bn better off

26/02/2020
Halima Aliko Dangote

Halima Aliko Dangote now in charge of commercial operations of Dangote Group

12/11/2019

African Billionaire Fortunes Decline On New FORBES List Of The Continent’s Richest

17/01/2017

Currency devaluation: Where are the opportunities?

15/08/2016
Next Post
bank of ghana, new notes, ghanatalksbusiness.com

Bank of Ghana: We did not 'ambush' Ghanaians in introducing new notes

SSNIT_Boss, ssnit increases benefits, ghanatalksbusiness.com

SSNIT increases pension benefits by 11%

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In