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/ / Forbes ranked Aliko Dangote 51 richest man in the world

Forbes ranked Aliko Dangote 51 richest man in the world

21:59:00
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Aliko Dangote, Africa's richest man, founded and chairs Dangote Cement, the continent's largest cement producer.
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In 2015 Dangote Cement launched new plants in Cameroon, Ethiopia, Zambia and Tanzania. The company produces more than 30 million metric tons annually, and plans to double capacity by 2018. Dangote owns about 90% of publicly-traded Dangote Cement through a holding company; this percentage exceeds the 80% ownership ceiling set by the Nigerian Stock Exchange. A spokesman for Dangote told Forbes that the company has until October 2016 to lower Aliko Dangote's stake and plans to do so by then. Other companies in the Dangote Group, which is active in 15 African countries, include publicly-traded salt, sugar and flour manufacturing companies.
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