Dangote Group: 15 Things Every Nigerian Should Know

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The Dangote Group was founded by Aliko Dangote, a Nigerian billionaire ranked by 2016 Edition of Forbes magazine as the 51st richest person in the world and the richest in Africa.

2. Dangote Group is a Nigerian multinational industrial conglomerate established as a small trading firm in 1977.

3. The Dangote Group is headquartered in Lagos, with interests across a range of sectors in Africa.

4. It is the largest conglomerate in West Africa and one of the largest on the African continent. It has many of its operations in Benin, Ghana, Nigeria, and Togo.

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5. Dangote group generated revenue in excess of US$3 billion in 2015.

6. Dangote group employs more than 26,000 people.

7. The Group's 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.

8. The Group focuses on provision of local, value-added products and services that meet the needs of the African population.

9. 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.

10. The company produces more than 30 million metric tons annually, and plans to double capacity by 2018.

11. The Dangote Group also dominates the sugar market in Nigeria and is a major supplier (70% of the market) to the country's soft drink companies, breweries, and confectioners.

12. The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria including Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.

13. Its Sugar refinery the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually.

14. The company exports cotton, cashew nuts, cocoa, sesame seed and ginger to several countries.

15. Dangote Group has 64% shareholding in Sephaku Cement Limited, a South African cement company.
 
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