President and Chief Executive Officer, Dangote Group
Mr. Aliko Dangote was born on the 10th of April, 1957. A graduate of Business Studies from the Al-Azhar University, Cairo, Egypt, he ventured into entrepreneurship early in life, starting off as a trader in 1978, before he ventured into full-scale manufacturing.
The Dangote Group is currently a diversified and fully integrated conglomerate with Group turnover in excess of N450 billion (US$3 billion) in 2010. The Group’s operations cut across a wide range of sectors in Nigeria and 14 other African countries.
Current interests of the Group include cement, sugar, salt, pasta, beverages and real estate with new projects underway in the oil and gas, telecommunications, fertiliser and steel sectors of the economy.
Dangote Group is a world-class enterprise that is passionate about the quality of life of the people and giving high returns to stakeholders. This philosophy is driven by its core values, which include customer service, entrepreneurship, excellence and leadership.
Dangote Group has four listed companies on the Nigerian Stock Exchange (NSE) as part of its vision of being a world-class organisation. They include Dangote Cement plc, Dangote Sugar Refinery plc, Dangote Flour Mills plc, and the National Salt Company of Nigeria (NASCON).
Dangote Group is fully involved in Corporate Social Responsibility (CSR) activities and uses Dangote Foundation as a vehicle to drive this. As part of its CSR initiatives, in March 2011, the Foundation announced a N20billion strategic partnership with the Bank of Industry (BOI) that would ultimately lead to the empowerment of more than 1 million Nigerians in the informal sector of the economy in the next few years. The Foundation’s counterpart fund of N10billion is to be given to micro, small and medium scale enterprises (MSMEs) at zero interest.
Last year, the Foundation donated US$2 million, through the United Nations World Food Programme (WFP), to assist survivours of flood that ravaged Pakistan. Through this donation, the Foundation extended its support to more than 325,000 children in need.
Mr. Dangote, who emerged the African Business Leader of the Year 2011 at the annual African Business Awards organised by African Business Magazine and the Commonwealth Business Council (CBC) in London in June, is a notable philanthropist. He is listed by Forbes magazine as the richest black man in the world with a networth of US$13.8 billion as of March 2011.
Key Milestones of Dangote Group