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Thu,23Nov2017

Aliko Dangote

How Nigeria's top tycoons made their fortunes

Between the politicians and the rich, there is considerable overlap. Running a political campaign is extraordinarily expensive in Nigeria, and many a senator is heard complaining, in private, about how much money is needed to buy a seat.

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Zimbabwe authorities worry over Dangote investment delays

Aliko Dangote. Photo©Sunday Alamba/AP/SIPANigerian billionaire, Aliko Dangote's delay in implementing a planned $1.2 billion investment project in Zimbabwe is increasingly worrying the Zimbabwe Investment Authority (ZIA).

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Aliko Dangote, Africa's richest man got a fistful of dollars in Nigerian currency squeeze

Aliko Dangote. Photo©Sunday Alamba/AP/SIPAAs Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa's richest man.

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Zimbabwe cement producers seek tariffs on imports

Photo©ReutersZimbabwe's cement producers want the government to impose tariffs on imports, including from Nigeria's Dangote Cement, saying this would prevent the collapse of the local industry and save jobs.

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Cashing in on the beautiful game of Football

Fans of English football file out after watching arsenal v. ManUina Nairobi slum. Photo©Noor Khamis/ReutersHuge fan bases on the continent are causing English Premier League clubs to ramp up sponsorship deals with African brands.

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Nigeria: China offers $6 billion loan for infrastructure

Photo©ReutersChina has offered Nigeria a loan worth $6 billion to fund infrastructure projects, the Nigerian foreign minister said on Tuesday.

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Backward integration key to Africa's growth prospects'

Aliko Dangote believes African economies should rethink backward integration. Photo©Eric Larrayadieu for TARAfrican countries must trade more amongst themselves. Thats the message from the 2016 edition of the Africa CEO Forum, in Abidjan, Cote d'Ivoire.

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Stock exchanges need independent managers

Photos© Zebedee for TARThe system is more important than the individual. This is the lesson that successful societies around the world have learnt.

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Investment: Dangote skirts Zimbabwe's indigenisation law

Aliko Dangote is looking at investing in some troubled but potentially viable State institutions. Photo©ReutersThe proposed entry of Nigerian billionaire, Aliko Dangote into Zimbabwe and his impending investment have caused panic, as some firms fear being elbowed out.

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Manufacturing: Dangote's ever-widening network of African production

Photo©ReutersCatching older European rivals like lafarge and Heidelberg Cement on the hop – both are now desperately scrambling to invest in african production – Dangote Cement has the continent in its sights.

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Powerful state - disciplined market

The upswing in Nigeria tech companies has taken some by surprise. With Konga, Dealdey, iROKOtv and Computer Warehouse Group, the tech space now boasts serious players. And, so the standard thinking goes, they have not relied on government to get there.

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Electricity: Blackstone eyes opportunities in African power shortages

Photo©ReutersPrivate equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission.

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Nigeria: The men behind the money

Nigerian elections demand big bucks, and many in industry stand to gain. But despite the ostentatious televised giving sprees and cheerleader consortiums, President Jonathan may still find he's scraping the bottom of the (oil) barrel for the funding he needs.

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Business leaders in Africa pledge millions in Ebola fund

This first wave of pledges will go towards logistical support. Photo©ReutersBusiness leaders across Africa have committed more than $28.5 million to an initial emergency fund towards Africa's Ebola response in the three affected West African countries Liberia, Sierra Leone and Guinea.

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A political pathfinder for Nigeria's north

Kano residents shop after Friday prayers. Photo©Leo LawaLKano State governor Kwankwaso defected to the opposition in late 2013 as security and economic growth returned to the region.

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Ubunto values compel Africa's rich to give

Mo Ibrahim (right), Chair of the Mo Ibrahim Foundation, delivers the keynote address at the meeting of the Economic and Social Council (ECOSOC) on “Partnering for innovative solutions for sustainable development”. Photo©UN/Eskinder DebebeThe rise of high profile philanthropy across the continent sheds light on the grassroots culture of giving in Africa, with calls for both to become more strategised in order to make real impact.

 

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Nigeria-Kenya: Courting business across the continent

Nigerian business magnate Aliko Dangote has expressed an interest in Kenya’s cement industry. Photo©Salaton njau/nation Media GroupNigerian companies are setting up operations in Kenya, spurred by a visit of high-ranking officials and business leaders to Nairobi in September, while new deals are flowing more slowly in the other direction.

 

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More billionaires as Africa's rich get richer

A 2013 ranking by Forbes magazine reveals that the fortunes of Africa's rich are growing, while a handful of newcomers arrive on the scene.

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Getting real in Nigeria

Aliko Dangote gets miked up to tell Nigeria: business is in charge. Photo©ReutersNigerian governments seem to be echoing the advice of China's Deng Xiaoping three decades ago: "Let some people get rich first." President Jonathan is lauding the plan of Aliko Dangote, the country's leading capitalist, to borrow billions to fund an oil refinery and fertiliser plant. If it works, it may launch an industrial revolution.

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Reining in Africa's robber barons

If Africa is going through its equivalent of America's 'Gilded Age', will this be followed by an equivalent of America's progressive era, curbing excesses and cleaning up politics?

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