Dangote Group.If there is any Nigerian organisation that can lay claim to "providing your basic needs", then it has to be the Dangote Group, a company that has consistently remained a market leader. The Group has over the last three decades enjoyed increasing market share for its products. In 2006 alone, the Dangote Group recorded an annual turnover in excess of N300bn ($2.5bn), a remarkable feat. The Group has, in the last 10 years, recorded phenomenal growth in all its manufacturing sectors as well as its haulage, insurance and real estate divisions. This success has strengthened the resolve of the Dangote Group to expand into oil and gas, steel, telecommunications and fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth. businesses. [ILLUSTRATION OMITTED] Alhaji Alhaji or Al-Hajj (Arabic الحاجّ) is a term of respect used to address a Muslim man who has completed one of the Five Pillars of Islam by going on the Hajj, or religious pilgrimage to Mecca. Aliko Dangote Aliko Dangote is a businessman based in Nigeria. He is the owner of the Dangote Group, which has operations in Nigeria and several other countries in West Africa. A wealthy supporter of erstwhile President Olusegun Obasanjo and the ruling People's Democratic Party (PDP), Dangote , a business graduate of Al-Azhar University Al-Azhar University (Arabic: الأزهر الشريف; al-Azhar al-Shareef, "the Noble Azhar"), is a premier Egyptian institution of higher learning, world-renowned[ , Cairo, is the founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Dangote Group, which he transformed from a small trading business started in 1977 into a multi-billion naira conglomerate spanning Africa. The Dangote Group is one of the biggest and fastest growing conglomerates in Nigeria. Its lines of business currently include cement, sugar refining, pasta, flour milling, salt, polypropylene polypropylene (pŏl'ēprō`pəlēn), plastic noted for its light weight, being less dense than water; it is a polymer of propylene. It resists moisture, oils, and solvents. bags, haulage, and port operations. Obajana Cement plc is engaged in both bulk importation and bagging of cement as well as in local manufacturing. Its factories currently produce about four million metric tonnes a year of cement. Dangote Sugar Refinery plc, the largest refiner of sugar in sub-Saharan Africa, has a production capacity of over one million metric tonnes a year and is embarking on an expansion programme to double output. Dangote refined sugar is of exceptionally high quality, distributed in 50kg bags. With a salt production of about 480,000 metric tones a year, Dangote provides about 70% of the salt requirement of Nigeria. Identifying with the global retailing trend, the Dangote Group is increasingly packaging its products in retail sizes. This has proven a successful strategy and enabled greater market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" than was previously the case with its wholesale packaging. The Dangote Group's compliance with best practices and standards has earned its products the sought after endorsement of the International Standards Organisation. The Dangote Group uses major local and international print and broadcast media to promote its products. Special promotions, executed as the need arises, have played a vital role in the success of the brands in the Dangote stable. Dangote has promotional pay-off lines for its various products. For pasta: "Mama mia, how can I resist you"; for flour: "Always your daily choice"; for salt: "The essence of life"; for sugar: "Makes the difference"; and for cement: "For solid structures". Availability, acceptability, affordability, durability, distinctiveness, credibility and satisfaction--these are the core values that the Dangote Group embraces. Dangote is committed to deploying globally acclaimed best practices in its processes and its quality control mechanisms. Dangote Group also places high premium on the wellbeing and skills of its workforce * Dangote's Obajana Cement Plant in Kogi State For the Amerindian tribe, see . Kogi is a state in the north-central zone of Nigeria. It is popularly called the Confluence State due to the fact that the confluence of River Niger and River Benue is at its capital, Lokoja, which is the first administrative capital of was built at a cost of over N120bn and is the largest cement plant in Africa. Lines 1 & 2 were commissioned in May 2007, while the foundation stones for lines 3 & 4 have since been laid to increase plant capacity to 10 million tonnes per annum Per annum Yearly. . * Dangote Sugar Refinery plc was awarded the Best African IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. for 2007 by Africa Investor. Dangote Group was assigned an "AA" by Augusto & Co., a leading research credit ratings firm for business excellence, good profitability, sufficient working capital, good cash flow, large market share and good quality management. * Dangote Flour Mills plc which was listed on the Nigerian Stock Exchange The Nigerian Stock Exchange (NSE) was established in 1960. As of March 09, 2007, it has 283 listed companies with a total market capitalisation of about N8.2 trillion ($64.5 billion). All listings are included in the only index, the Nigerian Stock Exchange All Shares Index. on 4 February 2008, was 620% over subscribed in its IPO. |
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