Dangote group net worth
Highest shareholder in dangote group!
Dangote Group
Nigerian industrial conglomerate
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote.[2] It is the largest conglomerate in West Africa and one of the largest on the African continent.
Dangote group head office
The group employs more than 30,000 people, generating revenue in excess of US$4.1 billion in 2017.[2]
History
The company was founded in 1981 as a trading enterprise, importing sugar, cement, rice, fisheries, and other consumer goods for distribution in the Nigeria market.[3] The group moved into manufacturing in the 1990s, starting with textiles, moving onto flour milling, salt processing and sugar refining by the end of the decade.
The company next moved into cement production, growing rapidly and moving into other African countries. A high degree of vertical integration is a hallmark of Dangote Group's operating strategy.[citation needed]
The group now owns and operates over 18 subsidiaries