Richest African Diversifies Business

Africa is no longer big enough for Aliko Dangote, the continent’s richest man. His flagship company, Dangote Cement, is Africa’s largest cement manufacturer, with operations in 14 African countries. In September, Dangote revealed plans to open cement plants in Myanmar and Iraq.

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Aliko Dangote

In October, he sold his controlling stake in Dangote Flour Mills to South African consumer goods firm Tiger Brands for $190 million. Dangote started trading commodities more than three decades ago after receiving a business loan from his uncle.

He then built the Dangote Group, which in addition to cement owns sugar refineries, flour milling and salt processing facilities. His philanthropic efforts include giving tens of millions of dollars to support education, health and poverty eradication.

Source: Forbes

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