Dangote bags leadership award for efforts in combating malaria

Alhaji Aliko Dangote, Chairman of the Dangote Group and Africa’s richest man, has been named recipient of the 2017 Malaria No More Global Leadership Award

The award ceremony was held in New York, United States, and was well attended by global dignitaries committed to fighting malaria.

The event organisers said Dangote is being honoured for his efforts in helping to eradicate the spread of malaria in Africa, specifically Nigeria, through his contributions towards the ‘Saving One Million Lives in Nigeria’ project.

Dangote sells noodles company to Dufil

Dangote Flour Mills has sold its noodles firm to Dufil Prima Foods, makers of Indomie noodles, the company announced on Tuesday.

According to the Group Managing Director of Dangote Flour Mills, Thabo Mabo, the decision to sell the noodles company was a strategic one influenced by the need to focus on core areas of flour and pasta production where the company has substantial market share.

In order to smoothen the transition process of ownership and operations, Dangote Flour Mills said that it has offered some of its facilities for use by Dufil on an interim basis.

Mabo also disclosed that as part of the terms of the sales agreement, Dufil Prima Foods will retain the brand name Dangote Noodles for a two-year period before changing the name.

Chief Executive Officer of Dufil Prima Foods, Deepak Singhal, said the acquisition of Dangote Noodles was strategic to their dominance of the noodles market as the company seeks to grow in that area.

He said that the new acquisition would help Dufil increase its market share and position it strategically in the marketplace.

He also noted that most of the staff members working in the Dangote Noodles company would be retained by Dufil Prima Foods.

Dangote strikes diamond!

Image courtesy cnbc.com

Sixty hearty cheers to the modern day industrialist, quintessential gentleman, and Africa’s wealthiest man as he strikes another one; this time his latest milestone is reaching the desired age of diamond for men of great achievements.

Alhaji Aliko Dangote, Chairman of Dangote Group, was born on April 10, 1957.

Aliko Dangote was born in Kano State into a rich family of Islamic background to  mother Mariya Sanusi Dantata and Mohammed Dangote. From a young age, Aliko Dangote has always committed to doing business, selling packs of sweets in his secondary school days. He has a degree in Business from Al-Azhar University in Cairo, Egypt.

He established the Dangote Group as a mini trading business in 1977 with a N500,000 loan that he got from his wealthy uncle, Sanusi Abdulkadir Dantata when he was just 21 years of age, after he returned from studying in Egypt.

Though Dangote made his billions from trading in cement, flour, and sugar, he has recently added oil trading into his business interests. In April 2014, he announced a plan to invest $9 billion in building a private oil refinery and a petrochemical plant.

The Dangote Group is a leading manufacturer of everyday consumables such as sugar, which is the largest in Africa and the third in sugar refining globally, producing about 800,000 tonnes annually. The Dangote Group operates in several African countries such as Togo, Cameroon, Benin Republic, Ghana, Zambia, and South Africa, with the headquarters in Nigeria.

The Dangote Group is a major employer of labour in Nigeria and West Africa, with a total workforce of about 11,000 people.

As a recognition of his achievements and economic contributions, Alhaji Dangote was honoured on November 14, 2011 by the Nigerian Government with the award of Grand Commander of the Order of the Niger (GCON), the second highest honour in Nigeria, which was presented by President Goodluck Ebele Jonathan.

The 2014 Forbes ranking of the richest people in the world estimate the wealth of Dangote to be about $24.6 billion, making him Africa’s richest person and one of the top 50 richest people in the world.

The billionaire businessman is Africa’s richest man with a 90 percent stake in the publicly-traded Dangote Cement, a company that produces about 44 million metric tones annually with plans to increase output by 33 percent by the year 2020.

Dangote also owns substantial stake in the manufacturing of salt, sugar, and flour – all publicly quoted companies.

Dangote is married with children, Zainab Dangote, Halima Dangote, Fatima Dangote, Salma Dangote.