The Dangote Group recognised with the 2022 Global Responsible Investment Mark of Excellence Award.The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote.
It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people.Aliko Dangote has been the richest man in Africa for ten years in a row, with a net worth of around $13 billion.Dangote’s fortune is primarily built from his company, Dangote Cement, although he started his business empire by selling commodities such as sugar, salt, and flour. While he grew up upper-class, Dangote was entrepreneurial from a young age and started his first business with a loan from his uncle.
Dangote Group continues to grow its focus of becoming the leading provider of essential needs in Food and Shelter in Sub-Saharan Africa. Its vision is to be a world-class enterprise that is passionate about the quality of life of the general populace and high returns to stakeholders. Its mission is to touch the lives of people by providing their basic needs. The group continue to sustain and improve on our market leadership in Cement Manufacturing, Sugar Milling, Sugar Refining, Port Operations, Packaging Material Production and Salt Refining.
Dangote Industries Limited is a diversified and fully integrated conglomerate with an annual group turnover in excess of US$4 billion (2016) with vibrant operations in Nigeria and Africa across a wide range of sectors including cement, sugar, salt, condiments, packaging, energy, port operations, fertilizer, and petrochemicals. Its core business focus is to provide local, value-added products and services that meet the ‘basic needs’ of the populace through the construction and operation of large scale manufacturing facilities in Nigeria and across Africa. It is focused on building local manufacturing capacity to generate employment, reduce capital flight and increase local value addition.
The Dangote Group corporate strategy has evolved as its businesses have grown, matured, and diversified into new sectors and regions over the last four decades. Starting out as a bulk commodity trading concern in the 1970s encouraged by the liberalized commodity import regime of the then Government of Nigeria, by the late 1990s our strategy had transformed to a focus on manufacturing for import substitution. The early 2000s saw the Group’s approach further adjust to strategic asset acquisition in line with the then Government’s privatization policies. This set the stage for the next phase in our strategic plan for the next decade; expansion and backward integration.
Dangote Industries Limited is striving for self-reliance in Nigeria in all the sectors where it operates and has drawn up ambitious plans to set up world-class projects in new realms such as Agriculture, Petroleum Refinery & Petrochemicals, fertilizer, and Telecom. The Group has almost single-handedly taken Nigeria to self-sufficiency in cement and is expanding rapidly across Africa, helping other countries achieve the same.
