Dan­gote ranked among 50 most in­flu­en­tial per­sons in the world

Daily Trust - - BUSINESS -

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.

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