[Pictures] Aliko Dangote visits Peter ‘Psquare’ Okoye in his new house.

Africa’s richest man, Alhaji Aliko Dangote on Saturday paid a visit to Peter Okoye, also known as Peter Psquare his new home.

The billionaire who was decked simply in a striped long sleeve shirt on a blue jeans was relaxed as he chatted with his host during the visit.

Other people who were around during Dangote’s visit were Mr. Fidelis Anosike and Mr Vincent.

See photos below:





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Bill Gates, Aliko Dangote In Kaduna State To Sign MoU With Northern Governors (PHOTOS)

Bill Gates, Aliko Dangote In Kaduna State To Sign MoU With Northern Governors Billionaire entrepreneurs, Bill Gates and Aliko Dangote are in Kaduna to sign the Memorandum of Understanding, MoU on routine immunization with the governors of six states.

The governors of Borno, Bauchi, Yobe, Sokoto and Kano are also in Kaduna, along with the Sultan of Sokoto and the Emir of Kano.


Credit: NationalMirror

Dangote’s Daughter Launches N7bn Health Facility In Kano

The daughter of the Africa’s richest businessman, Alhaji Aliko Dangote, Halima Aliko Dangote has launched the construction of the ultra-modern health facility to be funded by Dangote foundation to the tune of N7 billion at Murtala Muhammad Specialist Hospital, Kano.


Halima Aliko Dangote disclosed this at the weekend when she paid a visit to Kano State governor Abdullahi Umar Ganduje at his office at the Government House, Kano, where she informed him about the Dangote foundation intervention in health care delivery in the state.


According to her, the ultra-modern health facility will have 10 operating theaters with whole diagnostic centre to be built by Dantata & Sawoe construction company.


She disclosed that the foundation’s intervention in primary health care was informed by the need to come to the aid of the less-privileged and supporting Kano community at large.


Dangote’s daughter was also at the secretariat of Gwale local government area in the metropolitan Kano to witness the commissioning of one of the primary health care centres built at Gwale area.


She urged the beneficiaries to ensure sustainability of the programme which cost the foundation over N72 million.


Credit : Leadership

5 Things You Can Learn From Aliko Dangote

1. Invest in what you know
Dangote learned from one of the oldest investing lessons in the book. Born in 1957, he was exposed to the entrepreneurial spirit at a young age. He was raised in Kano State, Nigeria, by his grandfather, who himself became one of the wealthiest men in the area selling commodities.

After graduating from Egypt’s Al-Azhar University, the 21-year-old took a $3,000 loan from his uncle and set out on his own, but he didn’t stray far from the family business. Dangote used the loan to import rice, sugar, and cement from overseas at wholesale prices and then sell locally at significant markups. This was a business Dangote understood thanks to his grandfather, and he was able to make the venture an immediate success. According to Warren Cassel at Investopedia, Dangote Group “had grown into one of the largest trading conglomerates operating in the country” by 1990.

2. Find companies that create value
Dangote’s business flourished for 20 years, but he saw the opportunity to shift directions, fulfill a dire need. and grow even more. Nigeria was at the end of a 15-year stretch of military rule, and the new president, Olusegun Obasanjo, had promised to protect local industry, which set the stage for Dangote to make his move. “In a country where imports constitute the vast majority of consumed goods,” the Dangote Group website states, “a clear gap existed for a manufacturing operation that could meet the ‘basic needs’ of a vast and fast growing population.”

Having begun as an importer and trader of commodities, Dangote already had a strong distribution network, so he had a distinct competitive advantage as his company transitioned into manufacturing flour, pasta, and sugar.

3. Harness the power of brands 
The distribution network was an important piece of the puzzle, but as Dangote has said, “[T]o succeed in business you need to build a brand and never destroy it.” Whether it was a Donald Trump-like flair or a desire to capitalize on name recognition built from his years as a commodities trader, Dangote branded the products with his name.

The brand would be built on high-quality products at affordable prices — which is something that works as well in Africa as it does everywhere else in the world — and is now one of the most recognizable brands on the continent.

4. Focus on strong capital allocation
Building and maintaining a brand requires substantial investment. And if there’s one thing that stands out about Dangote, it’s his ability to successfully plow money back into his businesses. He has created the economies of scale that allow his company to sell products at cheaper prices than his competitors do. That’s something many CEOs attempt to do but only a handful do well. Warren Buffett and Jeff Bezos are two names that come to mind.

In 2000, the Dangote Group acquired a cement company from the Nigerian government, and by 2003, Dangote was ready to expand the business by combining a $479 million loan with $319 million of his own money to commission the largest cement plant in sub-Saharan Africa. Today, Dangote Cement Plc is valued at roughly $14 billion, which makes it the largest company on the Nigerian Stock Exchange and accounts for 25% of the exchange by market cap.

The successful reinvestment into Dangote companies is a consistent theme. It’s also happened by way of multiple expansions at Dangote Sugar, which has grown to become the second largest sugar refinery in the world. The company’s distribution network has grown from 600 trucks to over 1,500 since the late 1990s.

5. Embrace optionality
However, along with reinvesting into current business, what makes companies such as the Dangote Group special is their ability to move in multiple directions. The Dangote Group has ventured beyond its initial focus of cement, sugar, and flour and into real estate, telecom, steel, and oil and gas.

There are probably sectors Dangote won’t move into, but it seems as if nothing is off limits. That approach is what has allowed Dangote’s business — and his net worth — to grow so incredibly. Today, Dangote Group is a massive conglomerate generating $3 billion in revenue annually.

In Africa, Dangote Group is viewed as part folk hero — for reinvesting in and creating jobs on the continent — and part villain — as Dangote himself came from wealth and has potentially leveraged government relationships to establish unfair advantages. Dangote is a polarizing figure, but his story provides plenty of interesting business insights and investment advice. And since he’s just 58 years old, we can expect to hear plenty more from Africa’s richest man.

Credit: fool.com

I Have No Interest In Running For Political Office- Dangote

Nigerian billionaire Aliko Dangote on Tuesday said that he had no interest in actively participating in politics, saying business and politics should never be mixed.

Dangote, the Chairman of Dangote Group, made this known while speaking with newsmen during a condolence visit to the Awolowo family over the death of Mrs Hannah Awolowo (HID) at the family’s residence in Ikenne-Remo, Ogun.

The business mogul said that the set of skills required to become successful in business differed from those of politics.

“I can’t be in politics because they say when you want to clap you need two hands.

“If all of us in business go into politics then who is going to create the jobs?

“We are in the private sector so we should be creating jobs. Government should be creating good policies and also ensuring that we are not taking advantage of the poor.

“They are doing what they know how to do best and we are also doing what we know how to do best. Each is a master in its own terrain,” Dangote said.

Read More: vanguardngr

Why I Want To Buy Arsenal- Aliko Dangote

Africa’s richest man, Aliko Dangote, has said he still wants to buy Arsenal despite failing in a 2010 bid to acquire a stake in the club.

The Nigerian billionaire is now worth nearly eight times as much as when he tried to buy into the Gunners, and the passionate Gooners has not given up on his dream of getting involved with the north London club.

“I still hope, one day at the right price, that I’ll buy the team,” Dangote, 58, told Bloomberg.
“I might buy it, not at a ridiculous price but a price that the owners won’t want to resist,” he continued, before ominously adding, “I know my strategy.

Interestingly, Dangote has publically stated that Arsene Wenger “needs to change his style a bit,” claiming the team “need new direction.”

Dangote – valued at over US$15billion – is worth more than both Arsenal majority shareholder Stan Kroenke and Uzbek Billionaire Alisher Usmanov, who have been fighting for control at the Emirates in recent years.

But his bid to take over the club won’t be coming immediately, with the cement and commodities tycoon wanting to get his portfolio of businesses in order first.

“We have $16 billion-worth of investments in the next few years,” he said. “Right now I want to take my own business to a certain level. Once I finish on that trajectory, then maybe”

Majority owner Kroenke recently bought more shares in Arsenal, and is not believed to have any interest in selling the club.