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12 Businesses Owned By Aliko Dangote You Probably Didn’t Know

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 around 45 percent of the market.

His cement factory’s success encouraged him to begin producing some of the goods he had been importing or purchasing from third parties. He constructed a facility and began producing flour, pasta, sugar, and salt in 1997.

Today, he serves as chairman of the empire Dangote Group, which includes all of his businesses. The company has about 30,000 employees in Nigeria and other countries in Africa. Dangote Cement Plc, Dangote Sugar Refinery Plc, and Dangote Flour Mills Plc are some of the companies that make up the Dangote Group.

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.

His cement plant, which has operations in 10 nations throughout Africa, has a capacity to generate 48.6 million metric tons annually.

Dangote Peugeot Automobiles

Under the name Dangote Peugeot Automobiles Nigeria Limited (DPAN), Dangote is also engaged in the automobile assembly business. Beginning with the Land Trek, 3008, 5008, and the new 508, the vehicles’ assembling began.

The Kano and Kaduna state governments, Stellantis Group, the parent company of Peugeot, Dangote through one of his subsidiaries, Dangote Industries Limited, and DPAN are all joint owners.

According to Nairametrics, the new Greenfield Ultima Assembly Plant in Nigeria’s northwest is where the vehicles are put together. According to reports, the assembly line works in two shifts and assembles 120 vehicles each day.

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. Although the facility exports to other markets, including Africa, its primary market is Brazil, which imports a lot of fertilizer from Russia. Due to the disruption of Russian supply due to the conflict in Ukraine, there may be a global food scarcity and price increases.

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, in 2016. Over the years, Twister has demonstrated success in creating tools that boost output and improve gas production procedures.

Dangote Agro Sacks Limited 

Dangote Agro Sacks Limited is another company owned by Dangote. Produced by the company are bags used to package goods made by other Group firms. Ikeja, Lagos, and Obajana in Kogi state are the present places where the organization conducts business.

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 (SINOTRUK), the Dangote Group floated the plant. The factory, which is in Ikeja, Lagos, can make 10,000 trucks a year. Sixty percent of the assembly line is owned by the Dangote Group, and forty percent by SINOTRUK.

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 to clients worldwide, Bluestar Shipping Lines, an integrated shipping, freight forwarding, and stevedoring company, was founded in 1996. These services include break bulk, berthing, and vessel sailing.

Saipem Dangote E&C

In order to establish a new construction firm called Saipem Dangote E&C, Dangote teamed up with one of the leading international oilfield services companies in Italy in 2015. In Africa, the company manages challenging engineering and construction projects.

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.

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.

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