The Launch of Polypropylene Production

In a recent announcement, it was confirmed that Dangote has commenced operations at his polypropylene plant, a facility with a staggering capacity of 830,000 metric tonnes per year. This marks a significant milestone in Dangote’s strategy to meet Nigeria’s growing demand for polypropylene—a versatile plastic used in a wide range of applications, from packaging to automotive components.

READ ALSO: Aliko Dangote: Lessons From The Wealthiest Blackman

According to a report by S&P Global, polypropylene production has officially begun, with the material already being distributed in 25 kg bags. Market analysts have taken note of the development, suggesting that it has the potential to disrupt the domestic market, which has traditionally been dominated by imports, particularly from the Middle East, and centred around Indorama Eleme’s refinery in Port Harcourt.

Market Impact and Expansion Plans

The introduction of Dangote’s polypropylene plant is poised to transform the local manufacturing landscape. Aliko Dangote has expressed confidence that the new facility will meet Nigeria’s annual polypropylene needs, estimated at approximately 250,000 metric tonnes. Comprising two production units with capacities of 500,000 mt/year and 330,000 mt/year, this facility is set to become the largest of its kind in Africa once fully operational.

Devakumar Edwin, Group Executive Director for Strategy, Capital Projects & Portfolio Development at Dangote Industries Limited, underscored the significance of this initiative, stating, “The facility will stimulate significant investment in downstream industries.” With the capability to produce 77 different types of polypropylene, the plant’s applications span multiple sectors, enhancing Nigeria’s industrial capacity.

Addressing Challenges in Raw Material Supply

A longstanding challenge for Nigerian manufacturers has been their reliance on imported raw materials for polypropylene production. Foreign exchange constraints have further compounded this issue, limiting manufacturers’ ability to secure essential resources. The Dangote Petrochemical plant aims to alleviate this problem significantly.

Edwin noted, “Currently, raw materials for polypropylene are imported into the country. There is no foreign exchange for manufacturers to import raw materials. The Dangote Petrochemical plant is going to address this challenge.”
By producing polypropylene domestically, the new facility represents a crucial step towards self-sufficiency and reduced dependency on imports. This move is expected to stabilise prices in the domestic market while encouraging local innovations in the petrochemical sector.

As operations ramp up at the polypropylene plant, the implications for Nigeria’s economy and industrial sector are substantial. The facility is set to create jobs, attract local investment, and reduce reliance on imported petrochemicals, aligning with Dangote’s broader vision of a more economically independent Nigeria.

The launch of this production facility reflects a wider trend of industrialisation across Africa, where local manufacturing is increasingly seen as a key driver of economic growth. With Aliko Dangote leading the charge, Nigeria’s petrochemical sector is poised for a transformative shift, strengthening Africa’s industrial position on the global stage. As the plant scales up production, it will play a crucial role in shaping the future of local manufacturing and economic development.

The post Aliko Dangote Redefining Africa’s Polypropylene Market appeared first on African Leadership Magazine.

When Dangote announced his $400 million investment to revive a second production line at the Mugher cement plant in Ethiopia, the numbers were staggering. But beyond the figures was the quiet but undeniable assertion that Africa could stand on its own two feet—that Africa need not always look to the West for answers. This was more than a business decision; it was a statement of self-determination. It was a reminder that Africa is not just a place to extract resources, but a continent brimming with the potential to build, to create, and to flourish from within.

READ ALSO: Aliko Dangote Steadily Redefines Philanthropy in Nigeria and Beyond

Transforming African Economies Through Strategic Investments

Dangote’s ambitious plans are having a ripple effect across the economies where he operates. By increasing the Mugher plant’s capacity from 2.5 to 5 million tonnes per annum, he is not only boosting cement production but also creating jobs, stimulating local economies, and contributing to infrastructure development. This investment signals confidence in Ethiopia’s business environment, potentially attracting further foreign investment and accelerating the country’s industrialisation journey.

The expansion goes beyond cement. Dangote’s ventures into the sugar industry and potential urea production showcase a strategic diversification that can strengthen the economy. The cement industry itself, with a current production capacity of 386.1 million tonnes annually (representing about 5% of global production), is set for growth. The compound annual growth rate is estimated at 2.6% to 2.9% between 2020 and 2025. Dangote Cement, operating across 10 African countries and holding a significant market share, is a major driver in this expansion.

Despite a promising outlook for the cement industry, several challenges must be addressed. Infrastructure limitations, such as unreliable power, inefficient transportation, and logistical hurdles, can hinder production and distribution. The competitive landscape, with both local and international players vying for market share, requires continuous innovation and operational optimisation. Additionally, macroeconomic volatility—including economic fluctuations, currency exchange risks, and inflation—can affect profitability and investment decisions. Sourcing consistent and cost-effective raw materials, such as limestone and clinker, remains crucial for sustainable production.

Political and regulatory challenges also loom large. Changes in government policies, regulations, and tax regimes can impact business operations and the attractiveness of investment. Environmental concerns are equally important, as cement production is energy-intensive and can generate pollution.

Africa’s Industrial Revolution

To fully capitalise on investments like Dangote’s and other resource-based ventures, Africa needs to prioritise strategic interventions. These include crucial infrastructure development, such as improved power supply, roads, and railways, to ensure efficient cement production and distribution. Additionally, a stable and transparent business environment is essential to attract investment, foster competition, and stimulate technological innovation.

Local sourcing of raw materials and services can also boost local economies and reduce transportation costs, while establishing collaborative partnerships between governments and the private sector can unlock essential resources and expertise, driving sustainable development. Implementing robust environmental management systems and embracing circular economy principles will be key to minimising negative environmental impacts.

Dangote’s actions mark a pivotal moment for Africa. His commitment to expanding cement production, coupled with his ventures into other sectors such as sugar and potential urea production, exemplifies the potential for homegrown industries to drive economic growth. By investing in Africa and emphasising the importance of regional linkages, he sets an example for other African business leaders. As more entrepreneurs follow his lead, leveraging local resources and talent, Africa’s industrial revolution will gather pace, building a brighter, more prosperous future for the continent. The cement sector will play a crucial role, providing the building blocks for infrastructure, economic development, and improved living standards for millions.

The post Can Africa Leverage Dangote’s Cement Expansion to Compete Globally? appeared first on African Leadership Magazine.

I’ve read with either great interest or dismay, several informed and uninformed comments about the current Aliko Dangote – NNPC brouhaha. Make no mistake about it. This is a battle that has gone viral and taken the global business, financial, and diplomatic community by storm.

I can not ever recall an attempt of this magnitude by a State-owned company such as NNPC that is designed to discourage, discredit, and destroy a business enterprise of this size, influence, and impact. Never.

The NNPC has been quick to roll out its official spokespersons and political and media backers. Their aspersions have been fast and furious. In some instances, their logic and rebuttals have just not sounded credible.

Some members of the public, giddy with delight, continue to denigrate Aliko and the Dangote Group. Rather than deal with the exact and immediate nature of Aliko’s problems with NNPC, they throw up spurious statements about ‘karma,’ and Aliko’s alleged monopolistic business tendencies.

Others, sensing that there is much more to this ugly public spat than meets the eye, have defended Aliko as most right-thinking entrepreneurial and business-minded Nigerians would.

The stakes are high. Whether we like it or not,

1. This is a massive de-marketing of Nigeria, investment wise.

Proverbially, money only goes where it is made comfortable. Markets and investment analysts always respond to signals. And this one is not good, nor does it bode well for Nigeria.

Africa and Nigeria, in particular, suffer rightly or wrongly from an asymmetry of perception and information. Ours is a narrative that is in constant need of improvement. Consequently, if you have ever been part of a Nigerian investment road show, you will realize how challenging it is to convince global investors that the country is a desirable investment destination.

The current drama plays right into the preconceived narrative about Nigeria – a nation where those who sacrifice, indeed become the sacrifice, as someone has already rightly commented.

2. Outside of the Federal Government of Nigeria, Aliko Dangote is the largest employer of labor in Nigeria. Hundreds of thousands of Nigerians depend on the Dangote Group for jobs and a decent living. They are paid on time and not owed a salary arrears, as is the case with some unmentionables. Many more are direct and indirect beneficiaries of Dangote enterprises across several value chains in the country.

3. In the daily economic, financial, social, and development landscape of Nigeria, Aliko Dangote is a force to be reckoned with. This is an undeniable fact. Referring to Aliko as a ‘monopolist’ in the oil refining business is one of the most laughable comments I have heard.

Aside from the huge financial burden (one that has turned Aliko’s hair completely grey in the span of less than a year), the vision, boldness, and logistical genius that it has taken to set up this refinery, is simply mind boggling. As a visionary leader and entrepreneur, he has my greatest respect.

Regrettably, Nigeria is one of the only countries I know of where those producing nothing and doing nothing take perverse delight in pulling down the accomplished and successful. I guess doing so psychologically detracts from their own failures or their abject lack of accomplishment. If you have lived, worked, or invested in Nigeria long enough, you will be quite familiar with this phenomenon and those it describes.

At a great cost to Nigerian taxpayers, the country owns and runs four abysmally non-preforming oil refineries in Kaduna, Port Harcourt, and Warri. Scandalously, for decades, Nigeria has spent millions, if not billions of dollars, ‘upgrading’ these elephant projects to no avail.

What Nigeria has done and continues to do with its oil sector is a scandal of epic proportions. We are one of the world’s leading producers of crude oil, yet it has pleased and profited some to ensure that Nigeria daily exports its raw crude and then re-imports it into the country as refined finished products. Sometimes, Nigeria’s reality is stranger than fiction. But then, sadly, it is what it is.

The cost to Nigeria in lost revenues, foreign exchange, jobs, and business opportunities is unquantifiable. Yet, the status quo means nothing to some, nor does it move the hearts of the powers that be. For many, the end justifies the means … whatever means possible.

Caught in the middle are millions of Nigerians who daily suffer the indignity of poverty in the midst of plenty. That is the tragedy of Nigeria and the current spat between two key players.

The saga provides his Excellency, the President of the Federal Republic of Nigeria, Ashiwaju Bola Ahmed Tinubu (GCFR), whose mercurial business mindset is legendary, the opportunity to –

• Wade in, intervene, calm nerves, and ensure peace prevails.

• Sanitize Nigeria’s oil sector (a perennial challenge that I am sure even Angels will ask God to be reassigned from), and

• Quickly bolster global investor confidence.

I wish the Federal Government, the Dangote, Group, and the good people of Nigeria, all the best.

The post The De-Marketing of Nigeria As An Investment Destination: The NNPC – Aliko Dangote Saga appeared first on African Leadership Magazine.

Accordingly, Dangote, the founder of the Dangote Group conglomerate, experienced a notable decline in wealth, plummeting from $13.5 billion in 2023 to $9.7 billion by early January, 2024, marking a staggering $3.8 billion loss.

Simultaneously, Johann Rupert, chairman of the Swiss luxury goods firm Compagnie Financiere Richemont, saw a dip in his net worth, reducing from $10.7 billion in 2023 to $10 billion in the same period in 2024. Rupert’s noteworthy holdings include a 7% stake in diversified investment firm Remgro, which he chairs, and a 26% ownership in Reinet, an investment holding company headquartered in Luxembourg.

Rupert’s influential career trajectory spans a journey from his apprenticeship in New York City to establishing Rand Merchant Bank and eventually joining his father’s enterprise, the Rembrandt Group. Notably, he founded Compagnie Financiere Richemont in 1988, boasting iconic brands such as Cartier and Montblanc, solidifying his foothold in the luxury goods sector.

His entrepreneurial prowess is matched by his commitment to philanthropy and environmental conservation. Rupert’s founding of the Laureus Sport for Good Foundation and his involvement in the Peace Parks Foundation underscore his dedication to social causes. Additionally, his stewardship of the L’Ormarins wine estate and his extensive involvement in conservation efforts in the Graaff Reinet area highlight his multifaceted contributions beyond business.

The financial shift isn’t exclusive to Dangote and Rupert. The rankings also revealed fluctuations in the fortunes of other notable billionaires such as Adenuga and Rabiu, reflecting the volatile nature of global wealth distribution.

The updated list of Africa’s top 10 billionaires for 2024, is as follows:

1. Johann Rupert & family — $10 billion
2. Aliko Dangote — $9.7 billion
3. Nicky Oppenheimer & family — $8.3 billion
4. Nassef Sawiris — $7.3 billion
5. Nathan Kirsh — $5.8 billion
6. Abdulsamad Rabiu — $5.7 billion
7. Issad Rebrab & Family — $4.6 billion
8. Mohamed Mansour — $3.6 billion
9. Naguib Sawiris — $3.3 billion
10. Mike Adenuga — $3.1 billion

This updated ranking not only highlights the dynamic nature of wealth distribution but also underscores the significant impact of economic fluctuations on personal fortunes. Johann Rupert’s rise to the summit signifies not just a milestone in his entrepreneurial journey but also reaffirms his commitment to philanthropic endeavours and environmental conservation, defining a distinct narrative within Africa’s economic panorama.

The post How Rupert edged out Dangote in Billionaire Duel at New Year appeared first on African Leadership Magazine.

The winds of change whisper tales of prosperity and progress, beckoning African leaders to seize the mantle of transformation. Beyond the horizon of challenges lies an epoch where dreams transcend limitations, where innovation meets opportunity, and where the collective vision of a resplendent Africa ignites the spirits of millions. It is within this narrative that I choose to take a deep dive into what Nelson Mandela and other pan-Africans have charted for creating a new part of progress and prosperity for the continent. This is not just a must-read for every African leader but a point of continued reference as they attempt to better the fortunes of the people they govern.

Here is the 10-point agenda to rewrite the African story.

1. Education and skills development

Education stands as the bedrock of societal transformation. Prioritising quality education means investing in accessible, inclusive, and modern learning environments. From primary education to higher institutions, fostering an environment that encourages curiosity, critical thinking, and innovation is pivotal. Moreover, placing a spotlight on STEM education equips youth with the technical skills necessary to navigate the complex landscape of the modern world. Vocational training programmes tailored to emerging industries nurture a skilled workforce, empowering individuals to contribute meaningfully to the economy and drive innovation.

The words of Nelson Mandela echo profoundly: “Education is the most powerful weapon that you can use to change the world.” This empowerment through education isn’t solely about certificates or degrees; it’s about nurturing individuals to become proactive problem-solvers and future leaders. By equipping the youth with a diverse skill set, encompassing not just academics but also critical life skills and entrepreneurship, African leaders can cultivate a generation ready to take on global challenges. Encouraging mentorship programmes, internships, and partnerships between educational institutions and industries fosters practical knowledge application, preparing the youth to lead the charge in technological advancements and economic transformations.

2. Economic Diversification and Industrialization

The wise words of Aliko Dangote resonate deeply: “African development is not just about commodities; it’s about adding value to the raw materials.” To move forward, diversifying economies away from dependence on raw material exports is pivotal. Encouraging investment in sectors such as manufacturing, technology, and services not only creates employment opportunities but also adds value to the economy. Supporting and nurturing small and medium-sized enterprises (SMEs) forms the backbone of a dynamic, diverse economy. These enterprises contribute significantly to employment generation and innovation, driving economic growth from the grassroots level upwards.

Industrialization and economic diversification intertwine with innovation. Through investment in research and development, embracing technological advancements, and fostering an environment conducive to entrepreneurship, African nations can leapfrog traditional developmental stages. Encouraging the growth of local industries and startups ensures that Africa taps into its vast potential for innovation. Initiatives supporting knowledge transfer and collaboration between local businesses and global counterparts facilitate the exchange of ideas and expertise, propelling African economies towards sustainable and inclusive growth.

3. Enhance Infrastructure Development

Ngozi Okonjo-Iweala’s assertion, “Infrastructure is the backbone of any nation’s development,” holds immense significance in Africa’s developmental narrative. Robust infrastructure networks are indispensable for fostering economic growth and societal progress. Investments in transportation infrastructure, such as roads, railways, ports, and airports, are pivotal for facilitating trade and connectivity across regions. Equally critical is the development of energy infrastructure to meet growing demands, ensuring reliable power supply for industries and households. Embracing advancements in communication and technology infrastructure is essential for integrating remote communities into the digital economy and ensuring equal access to opportunities and information.

Enhanced infrastructure isn’t merely about construction; it’s about building sustainable systems for the future. Embracing eco-friendly practices in infrastructure development minimises environmental impact while maximising long-term benefits. This includes investing in renewable energy sources, implementing smart city initiatives for efficient resource utilisation, and prioritising eco-friendly transportation solutions. By incorporating sustainability into infrastructure projects, African leaders not only propel immediate development but also safeguard resources for future generations.

4.Prioritising Healthcare

Margaret Chan rightly states that “health is a human right.” Access to quality healthcare services should be non-negotiable for all citizens. Investment in healthcare infrastructure, equipped with modern facilities and well-trained healthcare professionals, is essential. Strengthening primary healthcare systems, disease prevention programmes, and expanding healthcare education ensures comprehensive coverage and early intervention, contributing to a healthier society and workforce.

Investing in healthcare extends beyond hospitals; it includes proactive measures for disease prevention and health promotion. Education campaigns focusing on preventive healthcare practices, hygiene, and healthy lifestyles foster a culture of wellness within communities. By prioritising public health education and disease prevention strategies, African leaders can significantly reduce the burden of preventable illnesses, leading to improved overall health outcomes and increased productivity.

5. Implement Good Governance and Eradicate Corruption: Bedrock for Sustainable Development

Ellen Johnson Sirleaf’s words, “The best way to fight corruption is through transparency and accountability,” underline the critical importance of good governance. Strengthening institutions, enacting and enforcing robust laws, and fostering a culture of transparency and accountability among public officials are essential. Upholding ethical practices and ensuring equal access to justice for all citizens establishes the foundation for a fair and just society.

Eradicating corruption isn’t merely a moral imperative; it’s a fundamental step towards sustainable development. Implementing anti-corruption measures, such as transparent public procurement processes and efficient regulatory frameworks, deters corrupt practices. Strengthening judicial systems and law enforcement agencies to prosecute corrupt individuals without bias ensures that no one is above the law, fostering an environment conducive to growth and investment.

6. Fostering Regional Integration and Collaboration: Uniting for a Greater Future

The vision of Hailemariam Desalegn, advocating, “A united Africa will be a stronger partner for the world,” underscores the significance of regional integration. Strengthening ties among African nations through trade agreements, joint infrastructure projects, and shared resources fosters a cohesive regional identity. Collaboration enables the pooling of resources, expertise, and innovation, amplifying the collective economic influence of Africa on the global stage.

Regional unity isn’t just about economic benefits; it’s also about addressing common challenges collectively. Collaboration enables African nations to tackle issues such as security threats, climate change, and pandemics with a unified approach. Sharing knowledge, resources, and expertise strengthens resilience, amplifying Africa’s capacity to confront shared adversities.

7. Promote Sustainable Development and Environmental Conservation

Wangari Maathai’s vision of “harmonious coexistence between human beings and nature” underscores the essence of sustainable development. Embracing sustainable practices across industries, agriculture, and energy sectors mitigates environmental degradation while fostering economic growth. Investing in renewable energy sources, implementing eco-friendly agricultural practices, and preserving natural habitats are essential for safeguarding Africa’s rich biodiversity.

Sustainable development encompasses the responsibility of preserving natural resources for future generations. Prioritising conservation efforts, including wildlife protection, afforestation projects, and efficient waste management, is crucial. By embracing environmental stewardship, African leaders ensure that the continent’s ecological wealth endures, providing lasting benefits to both people and the planet.

8. Support Innovation, Research, and Development

Strive Masiyiwa’s assertion that “the future of Africa is innovation” emphasises the significance of fostering a conducive environment for innovation. Investing in research institutions, nurturing entrepreneurial ecosystems, and supporting indigenous solutions to local challenges drive technological advancements. Encouraging creativity and providing avenues for research and development propel Africa towards the forefront of global innovation.

Innovation isn’t solely about technological advancements; it’s also about finding solutions to local challenges. Supporting startups and initiatives that offer innovative solutions tailored to Africa’s unique needs is paramount. By embracing local ingenuity and empowering homegrown solutions, African leaders foster a culture of innovation that addresses societal issues and contributes to sustainable development.

9. Addressing Social Inequalities and Promoting Inclusive Development

Kofi Annan’s call to “empower people to take control of their own destinies” encapsulates the essence of inclusive development. Implementing policies that address social inequalities and gender disparities fosters a society where every individual has equal access to opportunities. Prioritising education, healthcare, and employment initiatives that uplift marginalised communities is essential to bridging societal divides.

Inclusive development isn’t just about policies; it’s about embracing diversity and ensuring representation across all sectors of society. Empowering women, youth, and minority groups to actively participate in decision-making processes and economic activities fosters a more equitable and vibrant society, unlocking untapped potential and fostering social cohesion.

10. Encouraging Foreign Direct Investment (FDI) and Collaboration

Mo Ibrahim rightly advocates that “Africa needs partnership, not paternalism; collaboration, not charity.” Creating an attractive investment climate through stable governance, conducive policies, and infrastructure development is crucial. Facilitating partnerships with international investors brings expertise, technology, and capital that accelerate economic growth and job creation.

Collaboration with international partners isn’t just about investments; it’s about mutual collaboration for shared prosperity. Through strategic alliances and knowledge exchange, African nations can harness global expertise to address local challenges. Fostering win-win partnerships ensures that foreign investments contribute to sustainable development, benefiting both the continent and its global collaborators.

In pursuit of these strategies, African leaders must exhibit resolute commitment, political will, and steadfast dedication to drive change. Embracing these transformative actions is not only a visionary step towards propelling Africa’s progress but a proof to the collective commitment to shaping a future where prosperity, opportunity, and equity flourish across the continent.

A Call to Action: Forward Together

In the convergence of visionary strategies, Africa charts a transformative course, aiming not merely for potential but as a global influencer driving innovation, sustainable progress, and inclusive growth. It’s a clarion call for leaders to architect policies transcending barriers, forging unity, and uplifting millions. Amidst navigating national complexities, African leaders craft a new narrative resonating resilience, empowerment, and collective success. The journey to 2024 isn’t solely about temporal boundaries but about shaping a legacy reverberating through generations, redefining growth and prosperity paradigms.

This transformative journey for Africa transcends mere milestones; it embodies a collective spirit propelling nations towards a brighter epoch where limitations fade, allowing Africa’s brilliance to shine resiliently. It’s a poignant call to rewrite history, not tethered to struggles but woven with resilience, innovation, and an unwavering resolve to transform destinies. Africa’s story, woven with threads of hope and determination, promises a new dawn where aspirations soar boundlessly, and the spirit of progress reigns supreme against today’s challenges.

The post 10-Point Agenda to Develop Africa and Its People appeared first on African Leadership Magazine.

Dangote’s act to give back to society has earned him respectable admiration in society; hence, many identify him as a figure that has transformed lives, empowered many, and contributed to developmental growth through the Dangote Foundation, the primary source for Dangote’s philanthropic efforts. This article takes a quick view of the exceptional philanthropic endeavours of Aliko Dangote, shedding light on the profound effects of his initiatives and the transformative role he plays in society.

Aliko Dangote Foundation

Established in 1993, the Dangote Foundation has remained active in philanthropic services for close to three decades. The foundation has served its purpose as a charitable organisation over the years by committing to improving and enhancing the lives of less privileged Nigerians. The four major goals of this foundation are education, health and nutrition, economic empowerment, and disaster relief. Hence, the foundation’s initiatives have been instrumental in the educational, health, and economic sectors to create sustainable solutions that address social and economic challenges.

The foundation gives funding to non-governmental organisations, community-based organisations, and other partners who work to better the lives of Africans. It is dedicated to encouraging sustainable development and raising people’s standards of living throughout Africa. Through the foundation, Dangote has had a significant impact on education, healthcare, economic empowerment, and disaster relief initiatives with his holistic approach to tackling social and economic concerns.

Education

Education has been recognised as a ladder that prepares individuals for a better and brighter future. However, not all individuals are fortunate enough to be enrolled in school or further their education due to financial difficulties. Aliko Dangote, through his foundation, has made it possible for brilliant students to further their education by providing scholarships to these economically disadvantaged students. These educational opportunities have a wide-ranging impact on families, communities, and the country as a whole, in addition to the individual students who benefit from them.

Also, the foundation invests in educational infrastructure by establishing schools in both rural and urban communities to provide the deprived with quality education that empowers them to pursue their dreams and contribute to society.

The foundation has established both modern primary and secondary schools. In 2018, the Dangote Foundation constructed modern, well-equipped secondary schools in Lagos as part of its educational empowerment programme. Others include a Business School in Kano and the Dangote Academy in Kogi State, among others. Also, the foundations have implemented programmes to enhance access to quality education.

Health and Nutrition

Improving healthcare infrastructure and addressing prevalent health challenges have been central to Dangote’s philanthropic efforts. The Dangote Foundation rehabilitated Kano Specialist Hospital. The foundation delivered a renovated maternity ward, two state-of-the-art maternity laboratories, an enhanced water supply system for the Eclampsia ward, a modern theatre, and an improved sanitary environment. Furthermore, the foundation has played a crucial role in the fight against polio and COVID-19 malaria, polio, HIV/AIDS, and tuberculosis by partnering with stakeholders and organisations like the Bill and Melinda Gates Foundation and the United Nations to support immunisation campaigns and fight the spread of COVID-19.

The foundation has been committed to reducing undernutrition in Nigeria, especially in Northern Nigeria. Together with the private health sector in Nigeria, the Aliko Dangote Integrated Nutrition Programme, a five-year initiative, was implemented to reduce undernutrition in Northern Nigeria by 2025. Kano State is one of the states in which the foundation has implemented its nutrition programme.

Through these initiatives, Dangote has not only saved lives but also strengthened healthcare systems, leading to improved health outcomes for millions of people.

Economic Empowerment

Dangote’s philanthropy goes beyond providing charitable assistance; it focuses on equipping individuals with the means to create a better future for themselves and their communities. Consequently, he has invested in various economic empowerment initiatives aimed at generating employment, facilitating skill development, and fostering entrepreneurship.

Communities have seen significant change as a result of Dangote’s emphasis on economic empowerment. Through programmes like the Dangote Academy, technical training programmes, vocational training centres, and support for small-scale businesses, Dangote promotes skill acquisition and job creation, which have contributed to securing sustainable livelihoods and a culture of entrepreneurship and self-reliance that contribute to economic growth, hence addressing the social and economic challenges of Nigeria. Its microgrant initiative helps support vulnerable and needy women. This is to empower these women in rural areas.

Disaster Relief and Humanitarian Assistance

The Dangote Foundation is instrumental in times of crisis and natural disasters. Due to its provision of humanitarian aid and relief efforts. Whether it is supplying food, shelter, medical supplies, or financial assistance, Dangote’s foundation has demonstrated its unwavering commitment to standing with those in need. A recent development is the Foundation’s commitment to the evacuation and resettling of stranded Nigerians in Sudan. By partnering with the Federal government and Air Peace to transport victims and help them settle on their arrival in Nigeria.

Also, in 2020, the Foundation showered its humanitarian assistance during the outbreak of the COVID-19 pandemic, whereas in 2015, the foundation supported volunteer health workers from Nigeria who assisted with the Ebola containment efforts in Liberia and Sierra Leone when they returned. During devastating floods, the foundation has stepped in to donate significant funds to support and provide emergency aid to thousands of affected families. Dangote’s commitment to disaster relief extends beyond Nigeria, as the foundation has also provided assistance to neighbouring countries during times of crisis.

Beyond the Aliko Dangote Foundation

The Aliko Dangote Foundation’s vision extends beyond Nigeria as it works and actively collaborates with both local and international organisations to change African narratives. It partners with GBC Health, One Campaign, CHI, GAIN, and the Africa Development Bank, among others, to achieve sustainable development goals. Through partnerships and collaborations, Dangote’s philanthropic efforts effectively address societal challenges in a wider space.

Some notable collaborations are the partnership between the Dangote Foundation, the Bill and Melinda Gates Foundation, and the United Nations. An alliance to combat polio and its support to combat COVID-19 in Nigeria, respectively. This strategic alliance leveraged the resources and expertise of both foundations, resulting in significant progress towards eradicating the disease. Immunisation campaigns, strengthening healthcare systems, and supporting research and development initiatives were focused on, and in 2020, Nigeria achieved a major milestone by being declared polio-free.

The impact of Aliko Dangote’s philanthropy is undeniable. Hence, it is essential to recognise the transformative role that philanthropists like Aliko Dangote play in society. His dedication to social responsibility and improving the lives of others serves as an inspiration to individuals, governments, and organisations worldwide. The Dangote Foundation’s initiatives have had a lasting impact on Nigeria and beyond. Demonstrating the effectiveness of strategic philanthropy in promoting sustainable development. It is worth noting that Dangote has increased the effect of his generosity. By providing a lasting legacy of constructive change by putting a priority on sustainable solutions and encouraging collaborations.

The post Aliko Dangote Steadily Redefines Philanthropy in Nigeria and Beyond appeared first on African Leadership Magazine.

A name you won’t hear often is Abdullahi Bashir Haske and that’s because he falls into the latter part- a silent billionaire. Although his attempt to keep a low profile has not been half as successful as his brilliant business methods and moves.

Know the Man

For those who are not familiar with Abdullahi Bashir Haske, he is a serial entrepreneur, private investor, and philanthropist. He is seen as one of Nigeria’s young brilliant minds whose involvement in different sectors has contributed immensely to launching the country towards economic sustainability.

Bashir was born in Yola, Adamawa State, Nigeria on the 13th of December 1987.
Bashir Haske is an alumnus of the University of Abuja, where he bagged a Diploma in Political Studies and an MBA in economics from Lagos Business School. He has gone ahead to get certifications in various professional and business courses both locally and globally, all of which have helped shape his business acumen and contributed to the extraordinary feats he’s been able to achieve over the years as a business magnate.

The result-driven and future-thinking lifestyle of Abdullahi Bashir Haske is quite phenomenal and enviable. He has risen to become the focal point of discussion in several industries across Nigeria and Africa at large.

Career Life

Billionaires, it is said, aren’t made in a day. Haske started his business career in 2005 as a general contractor, offering services to various sectors of the Nigerian economy including oil and gas, construction, and public procurement. It was after he left that position he began his own business into a full-fledged conglomerate operating across several sectors of the Nigerian and African economies. In a few short years, he grew from being an ordinary contractor to one of the most recognized and wealthiest under the 40s on the block.

Haske sits as the Group Managing Director of AA & R Investment Group, a holding company with several subsidiaries with interests covering oil & gas, marine services, aviation, agriculture, information technology, and logistics services. He is a major player in the local and international economic space, as he serves as chairman of several other companies that are at the forefront of the key industrial revolution.

Some of these companies are Haske & Williams Limited- a pioneer company in Nigeria’s evolving commercial agriculture sector, Etihad Trading Limited, Etihad Energy Limited, Etihad Oilfield Services Ltd, Nitro Switch Ltd, and Mars Aviation Ltd, and H&W Rice Co Ltd.
As the Group Managing Director, Bashir Haske provides business leadership, critical stakeholder management, and industrial support for all key projects of the AA& R Company.

Another feather to Haske’s many caps is the creation of employment in the operations of a rice mill in Adamawa State and a cassava starch processing plant in Kwara State. The operations of these two establishments generate more jobs for Nigerians.

A Selfless Philanthropist

There is no better way of living than serving humanity. Indeed we have a selfless philanthropist in Haske.

Endowed with humility, Haske is a distinctive generous young man who uses the fruit of his hard work to make lives better for people. The young billionaire runs his philanthropic works through the Abdullahi Bashir Haske Foundation. The foundation is focused on public health, disease eradication, access to effective healthcare, and small business grants, its area of operations are north and north-central Nigeria where his humanitarian gesture among Muslims and Christians has given hope to many.

As much as he has been impacting quietly on the national economic level, Haske has also kept pace with his roots in Adamawa. At the peak of the COVID-19 lockdown in 2020, a total of 14,000 residents of the state from over 21 local governments benefitted from Haske’s philanthropy, as the foundation gave out palliatives to help lessen the effect of the pandemic on indigents.

He has received recognition for his work along this line and has been able to wipe away the tears of many indigents in different Local Governments in Nigeria, continually putting smiles on their faces, with several testimonies following.

Honours and Awards

Success is not judged only by what has been achieved but also by how it is perceived by others. His consistent works and contributions over the years have positioned him for several recognitions both locally and internationally among many others.

He was among the receivers of the Northern Nigeria Peace Award in 2022. In July 2020, Haske was awarded the Rising Star of The Year Award (Africa Energy Series) and Peace Achievers Awards in 2019. He was also honoured and installed as the Ciroma-Ganye, Chiefdom of Adamawa State after his father, Abdullahi Bashir Haske senior.

Criticisms and Controversies

The talented young entrepreneur whose success is inspiring has faced his share of criticism. While some of his critics have attributed his success to high connections at the helm of the country’s political affairs, it is however argued that people only associate, promote, and recommend value. Some folks say this is putting the cart before the horse. They say all the ‘connect’, as they are called, came after Haske accomplished so much for himself.

While his flagship company, Etihad Oilfield was credited with finding oil in the Kolmani River area of Bauchi State, his acquisition of 51 per cent of the Addax oil bloc in March 2020 was named in a controversial possession.

It would be recalled that the Federal Government had revoked the four licenses of oil blocks OML 123, 124, 126, and 137 held by Addax Petroleum because it failed to carry out work on the licenses. The decision was overturned in April 2020 when it was determined that the transaction was illegal, citing his close relationship with the former Group Managing Director of the Nigeria National Petroleum Corporation, Maikanti Baru, and how the transaction was managed. However, in January 2022, the Federal Government reinstated the transaction citing the inability of Addax Petroleum to effectively service the oil fields in the best interest of Nigeria.

Haske’s shrewd business acumen and resilience have indeed been instrumental to his remarkable journey adorned by milestones and several firsts. He has shown his consistent entrepreneurial footprint and keeps acing the game. For one so young, such vision is rare indeed.

The ground-breaking results of his passion are proof that young people can make a generational impact and be legitimately successful when they set their hearts to create value. This explains why the 34-year-old is a newfound model for many Nigerian youths.

Abdullahi Bashir Haske’s involvement in different sectors has put him on the global map of young minds to watch out for.

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Africa’s richest man Aliko Dangote has partnered with China’s heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export, the executive director of Dangote group said.

The joint venture, which is 65 percent owned by Dangote and 35 percent by Sinotruck will assemble components and knocked down parts imported from Sinotruck to the Nigerian plant.

It aims to meet an expected increased demand for transport in the country as the government focuses on boosting agriculture and farmers need to move goods across the vast country.

The first set of trucks will be rolled out next week, Edwin Devakumar, told Reuters in an interview in Lagos.

The plant has the capacity to assemble 16 trucks a day and will export to West Africa, he said, adding the facility would expand into vehicle manufacturing.

“[The Dangote Group] has a fleet size of 12,000 trucks … and are large users. One of the biggest challenges in the market today is logistics because we do not have a proper transport network,” he said.

Last March Dangote bid for a majority stake in Peugeot Automobile Nigeria. The results of the sale have not yet been released.

Turning to Dangote’s other interests, Devakumar said Dangote was on track to launch its $17 billion oil refinery plant with the first crude for processing going into the plant in October 2019. It will handle 650,000 barrels per day.

The company will scale down operations in its flour milling, sugar refinery and tomato processing businesses however, due to dollar shortages to fund the import of raw materials, he said.

Nigeria is grappling with dollar shortages brought on by low prices for oil, its mainstay, and which have hammered its currency and shrunk its foreign reserves, triggering its first recession in 25-years.

“Where the foreign exchange is not available we are cutting down our operations,” he said. “For example we had a vegetable oil refinery we have shut it down, we had a tomato based processing plant we have shut it down.”

Dangote’s cement business was continuing as its main raw material – limestone – could be sourced at home, he said. He added the firm commissioned a new cement plant in Sierra Leone last week and expected a plant in Congo to begin production this year.

By Chijioke Ohuocha (Reuters)

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Africa’s richest man and owner of Africa’s largest conglomerate, Aliko Dangote recently stated that he will only give a part of his money to charity. However, that part of it –philanthropic spending of N30 billion ($185 million) within the last two years- is already the largest expense on charity either by an African individual or company.

And Dangote plans to do more; “I am going to try my best and give part of that money to charity. I am working hard on it… I think from this year, I personally want to take it (philanthropy) very seriously. I want to be much more aggressive than what we have had in the past, a statement from Dangote group quotes him as saying.

Inspired by the belief in Africans helping Africa, Dangote also expressed his intent not to limit his charity activities to his home country Nigeria; “We already have a foundation which will do all these things (charities), but I am trying to see what we can do to encourage not only Nigerians but other Africans”, he added.

The statement by Dangote Group, which was released on Sunday disclosed, that the conglomerate has spent N30 billion ($185 million) in two years on philanthropic and humanitarian activities.

The group mentioned some of its charity programmes such as the Dangote Academy worth about N1 billion ($6 million), through it aims to develop manpower across various disciplines. The group also revealed that it spent N1 billion on the rehabilitation of some Nigerian universities, as part of its contribution to the educational sector.

Dangote also made the donation of N2.5 billion ($15.4 million), two years ago, to cushion the effect of flooding in Nigeria- the single highest donation by a private body in the history of Nigeria. N430 million ($2.8 million) was also given to flood victims, unemployed youths and women in Kogi State in the same year.

In Benue State Nigeria, the group disclosed that it, among other things, electrified 15 villages at the cost of N115 million. It also donated N100million to victims of Lagos flooding, another N100million to those in Sokoto and N60million to victims of flooding in Oyo State, two years ago.

Recently Dangote group also donated N540 million ($3.3 million) to vulnerable women as a result of insurgency in the North East of Nigeria as well as donating, two months ago, 12 trailer-load of relief items worth N40 million ($246,502) to support the government in bringing succour to victims of communal clash.

Dangote has also been involved in aiding foreign nations with $500,000 donated to victims of explosion in Republic of Congo; $2 million contributed for flood victims in Pakistan; and $740,500 to cushion the effect of famine in Niger Republic.

Business boom continues

Dangote’s interest in increasing spending on charity is perhaps influenced by continued boom in his businesses with Dangote cement enjoying a 39 percent profit rise in 2013 and up 8.5 percent in the first quarter of 2014.

The company is also investing several billion dollars to build manufacturing plants and import terminals across Africa. Current plans are for integrated or grinding plants in Cameroon, Ethiopia, Republic of Congo, Liberia, Senegal, South Africa, Tanzania, Kenya and Zambia, as well as Ivory Coast and Ghana, and import/packing facilities in Ghana and Sierra Leone.

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An estimated US$7 billion is given away every year by Africa’s philanthrocapitalists – at least the ones we know about. These are the men we will bring the list of top women philanthropists in Africa.

Francois van Niekerk, South Africa – The founder of Mertech Group gave 70 percent of his equity (valued at $170 million) to his Mergon Foundation, which funds education, health and skills-building initiatives.

Allan Gray, South Africa – The owner of Allan Gray investment management firm, Gray gave his Allan Gray Orbis Foundation $150 million. The foundation gives high school scholarships and supports other causes.

Theophilus Danjuma, Nigeria – The chairman of South Atlantic Petroleum broke Nigerian philanthropic records when he gave $100-million to set up the TY Danjuma Foundation, a grant-making organization that partners with NGOs in education, health, policy and poverty-related fields.

Donald Gordon, South Africa – The real estate and insurance billionaire founded the Donald Gordon Foundation which has given an estimated $50 million in donations to develop higher educational facilities and the arts in the UK.

Aliko Dangote, Nigeria – The president of the Dangote Group has recently entered the field of philanthropy and has already made significant contributions totalling $35 million. He has contributed to flood relief, an NGO developing low-cost housing and universities in Nigeria, and also gave $500,000 for victims of a munitions blast in Brazzaville, Congo in 2012.

Mark Shuttleworth, South Africa – After selling his digital security company for $575 million, Shuttleworth spent $20 million on developing free open source software, Ubuntu, and another $20 million – through the Shuttleworth Foundation – on funding the projects of individuals trying to change society.

Jim Ovia, Nigeria – The founder of Zenith Bank gave $6.3 million to the flood relief effort in Nigeria in 2012. Through his Youth Empowerment and ICT Foundation, he has given much to get youth interested in ICT. He gave $320,000 to help 10 young Nigerian entrepreneurs establish their technology businesses.

Strive Masiyiwa, Zimbabwe – Zimbabwe’s richest man and the founder of Econet Wireless, Masiyiwa has spread his philanthropic work to several African countries, including Zimbabwe. He established a $6.4 million trust in 2012 to pay for the education of 40 students. He also supports organizations that help orphans in Zimbabwe.

Tony Elumelu, Nigeria – Elumelo, chairman of Heirs Holdings, gave $6.3 million to flood relief in Nigeria in 2012. His Tony Elumelu Foundation gives entrepreneurial training to young Africans.

Arthur Eze, Nigeria – The elusive oil magnate donated $6.3 million to flood relief in Nigeria. He also gives large amounts towards higher education.

Other noteworthy philanthropists include: Mike Adenuga and Hakeem Belo-Osagie from Nigeria; Manu Chandaria and Naushad Merali from Kenya; Ashish Thakkar from Uganda; the Sawiris family from Egypt; and Patrice Motsepe, Nicky Oppenheimer, Raymond Ackerman, Tokyo Sexwale, and Cyril Ramaphosa from South Africa.

Sudanese-born British telecommunications billionaire Mo Ibrahim has been dubbed the most powerful black man in the UK as well as the “Bill Gates of Africa” for his philanthropic efforts on the continent. He has signed the Giving Pledge to hand over half his wealth and has offered a prize of $5 million over 10 years, and a further $200,000 for life, to African leaders who excel. Motsepe is the first African-based businessman to have signed the pledge- IRIN

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