|Net Worth:||$20 billion|
What is Dangote Cement’s net worth? How does Dangote Cement make its money? Below is the current net worth of Dangote Cement and how Dangote Cement makes its money.
What is Dangote Cement’s Net Worth?
Dangote Cement is a Nigerian multinational company that has a net worth of $20 billion. It has its headquarters in Lagos state. Cement and related goods are manufactured, prepared, imported, packaged, and distributed by the corporation in Nigeria.
Additionally, it runs buildings or import ports in nine other African countries. Obajana Cement Plc was its previous name; Dangote Cement Plc is its new name in July 2010. In 1992, it became a corporation.
The largest company listed on the Nigerian Stock Exchange is a Dangote Group affiliate called Dangote Cement Plc. In October 2010, when Dangote Cement started trading on the Nigerian Stock Exchange, it represented 20% of the Exchange’s entire market value as of August 2014.
In 2014, the Investment Corporation of Dubai (ICD) purchase a $300 million stake in Dangote Cement. Between 2007 and 2012, Aliko Dangote gave the company 6.5 billion US dollars. Cement accounted for nearly 80% of the Dangote Group’s business as of 2011.
The company’s factory in Gboko, Benue, has a 3 million ton annual capacity, and a 4 million ton annual improvement is anticipated for 2013. In 2015, a plant in Tanzania and one in Senegal both opened. Ethiopia opened a facility the same year, despite the country’s prospect of civil upheaval in 2017 and civil war in 2021.
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