Textiles Was My Biggest Business Mistake — Dangote
According to Dangote, his textile investments were overwhelmed by imported products, particularly from China and India, making it increasingly difficult for locally manufactured textiles to compete.
According to Dangote, his textile investments were overwhelmed by imported products, particularly from China and India, making it increasingly difficult for locally manufactured textiles to compete.
“Africa is like a scratch card. Unless you scratch it, you don’t see the use of it. The opportunities are immense,” Dangote said.
The President of Dangote Group, Aliko Dangote, says that electricity generation for Nigerians is his next investment. Dangote stated this in a recent interview with New York Times. Dangote, whose conglomerate spans cement, sugar, salt, fertiliser, and petrochemicals, said, ” We have to industrialise Africa.” He emphasised that his next focus areas include the steel…
It is not a consumer detergent, but the raw materials that detergent manufacturers rely on.
In the memo, the company said that the appointments were intended to “empower a new generation to take on expanded responsibilities in shaping our future.”
A current example is his public dispute with Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Dangote emphasised that without Afreximbank, the Dangote refinery, petrochemical, and fertilizer projects “would never have been possible,”adding that Africa must continue to build strong African-owned banks that understand and trust African entrepreneurs.
Photo (from left): Chief Executive Officer, TIME, Jessica Sibley, President/CE, Dangote Industries Limited (DIL), Aliko Dangote, Group Executive Director, Commercial Operations (DIL), Fatima Aliko Dangote and Managing Director/CEO, Aliko Dangote Foundation, Zouera Youssoufou, attending TIME100 Impact Dinner, at One World Observatory in New York City. “The renowned industrialist was named among the top 100 philanthropists…
Founded in the 1950s by Karl Pollman, Pollman’s Tours & Safaris has grown to become an industry leader with more than 200 late-model vehicles meeting the needs of a variety of group and individual clients and custom-designed for the roads of Kenya.
” My mother instilled in me the ethos of giving back, which inspired my philanthropy 30 years ago.” “That’s Aliko Dangote, the Chairman of the Aliko Dangote Foundation and President/Chief Executive of Dangote Industries Limited. Dangote was reacting to the 2025 TIME100 Philanthropy list, which recognised him among the 100 most influential leaders shaping the…