Africa’s richest man, Aliko Dangote, loses $845 million in net worth during 3-day market decline
His 86 percent stake in Dangote Cement has taken a hit, with shares dropping from $0.31 at the start of the year to $0.25.
Dangote Cement Plc
Dangote Cement partners with Tetracore to boost auto CNG supply chain
The partnership is set to address the surging demand for CNG, driven by Dangote’s vast fleet and an expanding base of Auto CNG users nationwide.
Dangote Cement revenue surges 69 percent to $1.56 billion in nine months
Pan-African operations drive growth; profit margins remain steady despite rising costs.
Africa’s richest man Aliko Dangote donates 10,000 rice bags to needy in Anambra
The move adds to the foundation’s recent efforts to alleviate economic hardships and address critical social issues in Nigeria.
Africa’s richest man loses $2.6 billion amid naira’s descent as worst-performing currency
The decline follows a brief uptick in April fueled by the Central Bank of Nigeria’s (CBN) efforts to address a backlog of dollar obligations, which strengthened the naira.
Africa’s richest man boosts regional growth with seven clinker vessels to Ghana, Cameroon
In the first quarter of 2024, Dangote Cement’s Nigerian operations shipped a total of 178,000 tonnes of clinker to Cameroon and Ghana.
Nigeria’s fourth-richest man Femi Otedola invests big in Dangote Cement
This investment follows Otedola’s return to the Forbes Africa’s Richest List, where he now boasts an estimated net worth of $1.2 billion.
Aliko Dangote’s cement empire achieves 9-month profit exceeding $340 million
Dangote Cement’s remarkable financial performance and ability to sustain profit growth solidify its position as a top player in the African cement industry.
Nigerian billionaire Aliko Dangote plans new cement plants for expansion
Dangote is set to expand the production capacity of Dangote Cement by constructing a new integrated cement plant in Itori, Ogun State.
Aliko Dangote’s net worth surpass $19 billion, first time since September
Dangote’s 86-percent stake in his cement company is worth $8.64 billion.
Cement plant owned by Aliko Dangote’s Dangote Cement under ‘lock and key’ as state gov’t plans recovery
The Obajana Cement Factory opened in 2008.
Africa’s richest man Aliko Dangote loses $400 million in September
His net worth plunged from $19.1 billion at the start of the month to $18.7 billion.
Aliko Dangote’s cement firm reports lower profit as energy costs, forex losses bite into earnings
The group’s profit decreased by more than 10 percent in the first half of 2022.