|Headquarters||Lagos, Lagos State, Nigeria|
|Revenue||US$2.642 billion (2012)|
|Profit||US$1.029 billion (2012)|
Number of employees
|Footnotes / references
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. It is the largest conglomerate in West Africa and one of the largest on the African continent. It generated revenue in excess of US$3 billion in 2015. The group is one of the leading diversified business conglomerates in Africa, and employs more than 26,000 people.
The company was founded by Aliko Dangote after receiving a $3,000 loan from an uncle. Initially, the company focused on the bulk sale of foods such as rice, but gradually expanded to shipping and the importing of cement. Dangote competed (and competes) with Lafarge, a French company that imported and produced the bulk of African cement.
Today, Dangote Group is a diversified conglomerate, headquartered in Lagos, with interests across a range of sectors in Africa. Current interests include cement, sugar, flour, salt, pasta, beverages and real estate, with new projects in development in the oil and natural gas, telecommunications, fertilizer and steel. Competitors in both Nigeria and other portions of Africa include Stallion Group.
Dangote Cement, the largest cement production company in Africa, with a market capitalization of almost US$14 billion on the Nigeria Stock Exchange, has subsidiaries in Benin, Cameroon, Ghana, Nigeria, South Africa and Zambia. In December 2010, the group signed an agreement with the Government of Zambia to construct a US$400 million cement plant in Zambia. Once completed in June 2013, as anticipated, the new plant is expected to have an annual output of 1.5 million metric tonnes of cement.
- "Group Corporate Profile" (PDF). Dangote Group Nig.
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- Dangote Group Ventures Into Fertilizer
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- Dangote Group's Cement Operations Span Six African Countries
- The Zambian Cement plant has started its operations.Nigerian Tycoon To Invest $400 Million In Zambia Cement Plant
- Ochelle, Felicia Omari (9 November 2015). "Dangote Sugar has a new Managing Director". Ventures Africa. Retrieved 25 October 2016.