Michael Bloomberg inaugurates Global Business Forum as Dangote, others applaud

On the sidelines of the United Nations General Assembly, Bloomberg Philanthropies hosted by former mayor of New York Michael Bloomberg, inaugurated its first Global Business Forum with an astounding line up of global innovators, including Africa’s richest man, Nigerian industrialist Aliko Dangote. Following talks by former US president Bill Clinton, French president Emmanuel Macron, Apple […]

Dangote at UN General Assembly in New York: Says “Africa will become the food basket of the world”

…”Five of the twelve million jobs needed in Africa soon must be created in Nigeria Business mogul, Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.” In a packed room at the headquarters of global law firm Shearman and Sterling LLC  high level business leaders and international diplomats […]

Dangote, Niger, sign $450M MoU on Sugar production

Olabode Adaramola The Dangote Group has signed a landmark Memorandum of Understanding (MoU) with the Niger State Government for the establishment of a state-of–art and fully integrated sugar complex that will generate over 15,000 jobs in the State. The $450Million(N166billion) pact was signed on  Wednesday  in Minna Niger State Capital, with President/ Chief Executive Officer(CEO) […]

Nigeria moves to end malnutrition through food fortification

Nigeria has moved closer to ending the chronic issues of malnutrition especially in children as the Minister of Trade and Investment, Okechukwu Enelamah launched the Strengthening African Processors of Fortified Foods project in Lagos. The $10m four-year project is sponsored by the Bill & Melinda Gates Foundation (BMGF) and is designed to support local food […]

Half year: Dangote Cement records 12.6% Sales volume increase across Africa

Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a growing capture of Pan-African market […]

Afrexim Signs $1bn Loans With Dangote

The African Export Import (AFREXIM) Bank has signed a $1billion memorandum of understanding (MoU) with the Dangote Group of Companies at the 24th Annual General Meeting of the bank holding in Kigali, Rwanda. AFREXIM Bank’s president, Dr. Paul Oramah, said “the deal was part of the bank’s bid to expand businesses in Africa through disbursement […]

Mining dispute threatens Dangote’s investment in Ethiopia

The government of Oromia Regional State does not have any intention to disrupt the investment activities and operations of Dangote Cement, owned by Africa’s richest man, Aliko Dangote. A local newspaper, o The Reporter wrote, quoting head of the regional communications affairs office and other cabinet members to have said this. Top officials of the […]

Dangote: Ignore Arewa youth…they only want relevance

Aliko Dangote, president of Dangote Group and Africa’s richest man, has said Nigerians should ignore Arewa youth, who asked Igbo to leave the north in three months. Speaking in Lekki, Lagos, over the weekend, Dangote said he is bothered about unemployment in Nigeria and the explosion of the country’s population, as a result of poverty. […]

Dangote, Nasarawa State Sign MoU on Sugar Refinery, Plantation

 Partners Oyo govt in N9bn rice production, to establish farm in Kogi Jonathan Eze in Lagos, Ademola Babalola in Ibadan and Yekini Jimoh in Lokoja Nigeria’s dream of becoming self-sufficient in sugar production is soon to be realised, with the signing of a Memorandum of Understanding (MoU), between Dangote Sugar Group, and the Nasarawa state […]