Nigerian billionaire Aliko Dangote, the richest African and wealthiest black person in the world, has landed in Harare, Zimbabwe, to meet with President Emmerson Mnangagwa to finalise details of a US$1 billion investment in a cement, coal and limestone mining, and power generation industrial complex.
Dangote was met at the Robert Gabriel Mugabe International Airport by Mnangagwa’s Presidential Investment Advisor Paul Tungwarara, facilitator Josephine Mahachi and Bard Santner Markets Inc executives, who included company chief executive Senziwani Sikhosana, Tatenda Hungwe and Lucia Chingwaru, the lead transaction advisors and organisers.
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Dangote was met at the Robert Gabriel Mugabe International Airport by Mnangagwa’s Presidential Investment Advisor Paul Tungwarara, facilitator Josephine Mahachi and Bard Santner Markets Inc executives, who included company chief executive Senziwani Sikhosana, Tatenda Hungwe and Lucia Chingwaru, the lead transaction advisors and organisers. -
Dangote was met at the Robert Gabriel Mugabe International Airport by Mnangagwa’s Presidential Investment Advisor Paul Tungwarara, facilitator Josephine Mahachi and Bard Santner Markets Inc executives, who included company chief executive Senziwani Sikhosana, Tatenda Hungwe and Lucia Chingwaru, the lead transaction advisors and organisers. -
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Dangote’s business empire, Dangote Industries Limited or simply the Dangote Group, is the largest industrial conglomerate in West Africa, with a primary focus on production of essential goods across various sectors. His business interests are vertically integrated and span 17 African countries, generating billions in revenue primarily from cement, sugar, salt, oil refining, and fertiliser.
His operations include the flagship company Dangote Cement Plc, the largest cement producer in Africa, with subsidiaries in more than 10 countries and a capacity of over 48 million metric tons annually.
He also runs one of the largest sugar refineries in the world which is the largest in sub-Saharan Africa, a major source of revenue for him and a significant player in the commodities market.
In addition, he also owns one of the world’s largest fertiliser production facilities and the world’s largest single-train oil refinery, capable of processing approximately 650 000 barrels of crude oil per day.
The Dangote Group also has business interests in areas such as petro-chemicals, real estate, port operations, packaging materials (Dangote Agro Sacks), automotive assembly (Dangote Sinotruk), rice, noodles, and other food items.
In Southern Africa, Dangote has business interests in Zambia, Namibia, South Africa and now Zimbabwe.
His business strategy focuses on high-volume production and building strong distribution networks for basic necessities, which has been crucial to his success and influence across the continent. – Newshawks
