Re: USA Africa Dialogue Series - Aliko Dangote – Africa’s richest man

Dangote  and Ambani, India and Nigeria  by Augustine Togonu-Bickersteth,London, England

Mukesh Ambani is India's richest man; he was born on April 19, 1957 whereas Aliko Dangote, Nigeria's richest man, was born April on 10, 1957.
Dangote  is Africa's richest man and Ambani, currently second richest in Asia,  Dangote in this report is inspired by the example of  ambani in India. They  would both have the largest refineries on their respective continent.

On Tue, Oct 29, 2013 at 5:23 PM, Ikhide <xokigbo@yahoo.com> wrote:

"There is something of Fitzcarraldo about the way Aliko Dangote has set about bringing industry to sub-Saharan Africa. In Werner Herzog's film, the protagonist, Fitzcarraldo, engineers the seemingly impossible passage of a 300-tonne ship from one tributary of the Amazon, over a hill, to another. He is in pursuit of a cargo of rubber to finance construction of an opera house. While the would-be rubber baron fails on the first front, he succeeds on the second, after a fashion, overcoming the setbacks thrown up by hostile terrain to stage an unlikely opera in the jungle. Dangote's aspirations may be less operatic. One of his main ones is to become the richest man in the world. "It's an ambition. Yes, of course," he says. But Nigeria's foremost multi-billionaire has at times defied odds as vertiginous as Fitzcarraldo to transform his commodities trading empire into one of Africa's leading industrial conglomerates. He stands out among Nigeria's elite class of super-wealthy for having done so, not by flipping contracts and securing concessions in the oil industry – which brings in the vast bulk of export earnings – but by securing a dominant share of trade in much humbler fare. In some of the most difficult operating environments for manufacturing in the world, he has built sugar refineries, flour, pasta, salt and other food processing plants. His cement division – the main driver of the group – is spread across 14 African countries. It includes one of the biggest plants in the world, in a remote stretch of undulating Nigerian savannah rich in limestone but, until he came along, bereft of power and roads."

 http://www.ft.com/cms/s/2/da3c79c8-3145-11e3-b478-00144feab7de.html#ixzz2j8HxK3Ni

- Ikhide

 

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