Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years as the company seeks to expand and deal with a shortage of dollars in its home market of Nigeria. The conglomerate plans to increase its production … Read more
Undoubtedly Ghana’s most successful media personality, Peace Hyde has added yet another milestone to her long list of accolades. In what is being dubbed as the most prestigious talk show on the continent, Peace Hyde anchors the Forbes Africa TV show, My Worst Day which has already amassed over 60 million viewers across 16 countries … Read more
Two Africans made Forbes international’s list of ‘The World’s Most Powerful People’ for the year 2016. Africa’s richest man Aliko Dangote was listed along with Egyptian President Abdel Fatteh el Sisi. Both men rose up the ladder from the 2015 ranking. El Sisi was ranked 44th most powerful person in the world – 5 spots … Read more
Nigeria’s economic recession seems to have hit the Dangote Group, owned by Africa’s richest man, Aliko Dangote. The company has reportedly fired 48 staff – 36 expatriates and 12 Nigerians. Reports say the sackings were due to the current high cost of doing business in the recession-hit country, and the firm had been unable to … Read more
Africa’s richest man Aliko Dangote has denied reports that he is dead. Dw-tv3.com reported that Mr Dagote died at age 59 in Germany after a short illness. The publication has gone viral on social media. However, Mr Dangote tweeted on Sunday that he was “hale, hearty and alive.” I am hale, hearty and alive. Please … Read more
Nigerian billionaire Aliko Dangote has claimed that he hopes to buy Arsenal within “three to four years”. The 59-year-old, who is Africa’s richest man, expressed an interest in sealing a takeover of the North London club last year. Dangote, worth a reported $10.9billion, is believed to have been affected by the decrease in value of … Read more