Dangote ranked among 50 most influential persons in the world
President of the pan-African conglomerate, the Dangote group, Aliko Dangote, has been named among the 50 world most influential personalities by the Bloomberg, the renowned US- based news media with bias for business and financial news reporting.
The group of personalities chosen by the Bloomberg Market, consisted of Chief Executive Officers, world leaders as well as religious leaders. As expected, Barack Obama, Angela Merkel and Pope Francis made the list, with Dangote on number 41.
According to Bloomberg, those on the list “build companies and assemble fortunes. They run banks, or hope to disrupt them. They shape economies and spread ideas. They manage money and wield the clout that goes with the billions of dollars they invest.”
The Bloomberg further said of the cement giant, “Aliko Dangote, Founder, Dangote Group. Africa’s most successful businessman built his fortune in sugar, textiles, and cement in his native Nigeria, where today he’s a political, as well as a financial power broker. He’s expanding in other countries and may list his cement company in London.”
A piece written by Paul Wallace, a reporter with the media outfit, said “Dangote is feted like royalty. He has businesses ranging from cement to sugar to energy in a dozen sub-Saharan countries. He’s a fixture at elite gatherings such as the World Economic Forum in Davos, Switzerland. No African has ridden the continent’s halting march out of poverty toward potential prosperity as spectacularly as its richest person, the Nigerian industrialist Aliko Dangote.
“Dangote’s clout extends beyond the boardroom and the high-flier dinner circuit. In March, as votes were tallied in Nigeria’s presidential election, Dangote, 58, served as an intermediary between the camps of the incumbent, Goodluck Jonathan, and the ultimate winner of the election, Muhammadu Buhari.” Lafarge Africa Plc has said it has increased its stake in Unicem Cement.
The company, in a notice sent to the Nigerian Stock Exchange (NSE) in Lagos, said that further to its announcement in March 2015 that Nigerian Cement Holdings B.V. (NCH), a 50 per cent affiliate of Large Africa Plc, it has completed the acquisition of the first 15 per cent tranche stake in Unicem, bringing NCH’s stake in Unicem to 85 per cent.
According to Lafarge Africa, “NCH has completed the acquisition of the second and final tranche of 15 per cent of equity interest of Flour Mills of Nigeria Cement Industries in UNICEM. Accordingly, NCH now owns 100 per cent of Unicem and consequently Lafarge Africa Plc now owns 50 per cent of the equity of Unicem.”
Unicem’s operational office is located in Calabar and its manufacturing plant is in Mfamosing, both in Cross Rivers State. It currently has a cement production capacity of 2.5Mtpa and is developing a second production line of 2.5Mtpa.