The dividend, which will be paid electronically into his bank account by Mon., April 29, 2024, is a testament to Dangote Cement’s …
"Dangote Cement"
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- Hot News
Nigerian billionaire Femi Otedola emphasizes long-term wealth preservation, export potential and shareholder value in Dangote Cement share acquisition
Otedola recently acquired a significant stake in Dangote Cement, Africa’s largest cement manufacturer.
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This Week In Review: A Snapshot of African Wealth Dynamics — Otedola’s Dangote Cement Investment Sparks Market Rally, Glasenberg Suffers $389-Million Loss in 2024 (Jan. 15 to 19)
Dive into a week of seismic shifts in African business: Big bets, soaring stocks, and fortunes on the move.
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This investment follows Otedola’s return to the Forbes Africa’s Richest List, where he now boasts an estimated net worth of $1.2 billion.
- West & Central Africa
Aliko Dangote reclaims title of richest investor on NGX, as Dangote Cement stake skyrockets to $6.6 billion
The surge in the shares of Dangote Cement, Africa’s largest cement company, was the driving force behind Dangote’s resurgence.
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Dangote Cement, with a production capacity of 51.55 mtpa spread across ten countries, aims to enhance shareholder value through the buyback program.
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Dangote Cement achieved its highest revenue in history at the end of its 2022 fiscal year.Â
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Aliko Dangote inches closer to $20-billion net worth milestone as Dangote Cement shares surge
The surge in Dangote’s net worth cements his dominance as the wealthiest person on the continent.
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Its $90-million investment in Ethiopia has helped solidify its position in the country.
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Cement plant owned by Aliko Dangote’s Dangote Cement under ‘lock and key’ as state gov’t plans recovery
The Obajana Cement Factory opened in 2008.