DANGOTE EMPLOYS YOUTH GRADUATES FOR RICE FARMING IN KOGI

Dangote employs youth graduates for rice farming in Kogi Vanguard News / Nwafor Polycarp / 50 minutes ago By Victor Ahiuma-Young A multi-million Naira Youth Farming Initiative that will engage teeming unemployed Nigerian graduates in rice farming has been launched by the Dangote Rice Limited in Kogi State. Dangote This is as the company prepares to hit the market with one million metric tons of Dangote rice in 2018. The Dangote Youth Rice Farm project, mainly an out-grower scheme for youths only, was flagged off at the Lower Niger River…

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DANGOTE DUMPS ACQUISITION OF SOUTH AFRICAN CEMENT COMPANY

Dangote Cement Plc, Nigeria’s most capitalized quoted company and Africa’s largest cement producer, at the weekend stepped down from its much-publicised bid to acquire the share capital of PPC Limited-a South African leading cement firm. In a regulatory filing at the weekend, Dangote Cement board of directors stated that it has notified PPC board of directors that it no longer has an interest in acquiring the South African firm’s share capital. Dangote Cement had last month confirmed that it had initiated a bid to acquire the entire share capital of…

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DANGOTE GROUP DENIES 10 -YEAR TAX WAIVER AGREEMENT

The Dangote Group has said that it will not benefit from a 10-year tax waiver reportedly granted it by the Nigerian government. Speaking in Lagos on Monday, the Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Devakumar Edwin, said the company has never benefited from any tax waiver or credits except when it is ”industry-based and applies to all its competitors.” Mr. Edwin was reacting to criticism that trailed the announcement of the said tax waiver by the Nigerian government. Earlier in September, the Minister of…

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DANGOTE BEGINS PRELIMINARY TALKS OVER SOUTH AFRICAN CEMENT COMPANY

Stanley Opara Dangote Cement Plc says communications with PPC Limited of South Africa with respect to the acquisition of PPC is in its preliminary stage. The company made this clarification in a letter filed with the Nigerian Stock Exchange on Wednesday. “In light of the foregoing, the DCP hereby confirms that the board of directors of the DCP has merely communicated its interest to the board of directors of PPC with respect to the acquisition of the entire share capital of PPC. This communication is still at the preliminary stage,”…

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DANGOTE CONSIDER BID FOR SOUTH AFRICA CEMENT

Dangote Cement Plc is among those considering counteroffers for PPC Group Ltd. that could signal a bidding contest for South Africa’s largest cement maker, according to people familiar with the matter. Dangote Cement Plc sees a bid for the Johannesburg-based company as a way to accelerate expansion outside its home market of Nigeria, said the people, who asked not to be named as the matter is private. PPC will consider any rival offers to the joint approach by Canada’s Fairfax Financial Holdings Ltd. and domestic rival AfriSam Group Pty Ltd.…

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DANGOTE DENIES PDP, SAYS HE HAS NO POLITICAL AMBITION

Billionaire businessman Aliko Dangote has rejected moves by the Peoples Democratic Party (PDP) to get him to contest in the 2019 presidential race on its platform. According to Daily Times, Dangote declared categorically in a phone interview that he has no interest in politics and nobody or party should tie him to it. He said: “I am an entrepreneur. My passion is to create jobs for Nigerians and not otherwise. “I am not interested in politics and this is authoritative. No member of any think tank committee has contacted me.…

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WHY DANGOTE’S FAILED PASTE FACTORY SHOULD GIVE BUHARI MORE HEADACHE THAN DANGOTE

For all intent and purposes, it looked like the perfect scenario- a multi-billionaire native industrialist coming in to invest several millions of dollars in order to produce a commodity that the country was spending billions of Naira importing at a time when the forex crunch was at its hardest. This fairy tale stayed at just that- a fairy tale- for the state-of-the-art, billion-Naira Dangote tomato paste constructed in Kano Nigeria. For many, and probably most important for the Federal Government, that plant was supposed to save the country 400,000 tons…

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4 LESSONS FOR ENTREPRENEURS FROM THE DANGOTE INTERVIEW WITH BLOOMBERG

One of the major highlights of last week was an in-depth interview Africa’s richest man, Aliko Dangote had with Bloomberg correspondent, Francine Lacqua. In the interview, Dangote revealed much about his personal life as well as business journey so far. While many are harping on the surprising revelations that emerged from the interview, this article takes a look at 4 lessons that entrepreneurs can from Dangote’s interview. Make sure your product/service satisfies a need This is an often-repeated and often-neglected mantra of entrepreneurs. However, unless that your business idea satisfies…

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DANGOTE DRIVER ARRAIGNED FOR STEALING N25M TRUCK

The police have arraigned a 35-year-old driver with Dangote Group Plc, Haruna Bello, before an Ikeja Magistrates’ Court for allegedly stealing a truck belonging to the company. The police said Haruna worked with the Dangote Sugar Factory in the Apapa area of Lagos and absconded with the truck on May 18, 2017. It was learnt that the suspect was driving the truck to Cotonu, Benin Republic, when he was arrested by customs officers in Badagry. He was arraigned on two counts of . The charges read in part, “That you,…

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DANGOTE GROUP TO INVEST 450 MIL DOLLARS IN NIGER AGRIC

The President, Dangote Group, Alhaji Aliko Dangote, on Monday disclosed that the company would invest $450m in agriculture development in Niger State over the next three years Dangote, who made this known during the 2017 Niger State Investment Summit in Minna, said the funds would be used in establishing a large scale rice processing mill to process over 200, 000 metric tonnes of paddy rice. He said that a state-of-the-art fully integrated sugar refining industry would also be established. “The Dangote Group is committed to invest around $450m over the three…

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