Tag Archives: ALIKO

Dangote Aquires Gas Processing Company In Netherlands

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Reports reveal that Africa’s richest man, Aliko Dangote has finalized the acquisition of Twister B.V., a gas processing company headquartered in the Netherlands.

This was revealed in a statement by his company, Dangote Industries Limited (DIL) announcing the new acquisition,

The statement quotes Dangote as saying “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3bcfd of gas in order to meet Nigeria’s gas needs.” Chief Executive Officer of Twister, John Young who also spoke on the new deal said, “We are delighted in the confidence DIL and First E&P have shown in Twister to be their core provider of gas separation solutions.

After a very thorough due diligence, our technology has been recognized as a key enabler to reduce gas project costs which are crucial in this current environment. We are excited to be part of the Dangote family of companies.”

Dangote is currently building a refinery and fertilizer project that is expected to be in operation in the first quarter of 2019. The projects are expected to cost a minimum of $17 billion.

Aliko Dangote Loses Foster Daughter To Cancer

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Africa’s richest man, Aliko Dangote is bereaved. The founder of Dangote group of companies lost his niece to the cold hand of death last week. Fatima Bello Dangote, who reportedly lost her father alongside Ibrahim Abacha in an ill-fate plane crash in 1996 lost her 2-year battle to brain cancer in a private hospital in the United Kingdom on Friday.

Dangote, who acted as her guardian and foster father, after her father’s death, single-handedly brought her up and trained her through schools and universities. The Kano-born billionaire is reported to be very shattered by her death.

Aliko Dangote Drags Zambian Minister To Court For Slander

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Dangote Cement, Zambian subsidiary, has dragged the country’s labour minister to court for libel after the latter accused an executive of the company of attempting to bribe him.

The company and the minister have been on war path after he leveled the allegations against Dangote in September.

Dangote said in papers filed in court that the minister had created an impression that the company was exploiting Zambian workers and enticing government officials with bribes.

“The plaintiff has been brought into public scandal and its reputation has been injured”, Dangote said in a writ of summons dated October 10.

Dangote Industries Zambia (DIZ) has 400 workers building a $400 million cement plant, a staff count that should rise to 2,000 when production starts in November.

During a tour of the plant in Ndola, the minister of labour, Fackson Shamenda, said a Nigerian executive attached to the Zambian unit tried to bribe him at a hotel.