The FT profiles Aliko Dangote:
For many in Nigeria’s elite, oil and the opportunity to trade contracts and secure concessions have proved an easy route to riches. Mr Dangote’s fortune is built on more humble fare. When the cement boom stalled, he moved into sugar, flour, salt and, at one point, fish to build the Dangote Group into a trading empire unrivalled in West Africa by the late 1990s...Today his group is expanding production across at least half a dozen African countries, preparing listings for its cement division in Lagos and London, and working with McKinsey, the consultancy, on a strategy to achieve a market capitalisation of $100bn.[continue reading]
via GidiBlog
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