At the age of 21, Aliko #Dangote
borrowed $3,000 from his uncle to import and sell agricultural commodities in #Nigeria
venture quickly became a success, and as a result, he managed to repay the entire loan within three months of starting operations.
Dangote's business interests encompass many industries, including oil and gas, consumer goods and manufacturing. About 80% of his conglomerate's revenue comes from Dangote Cement.
Alhaji Aliko Dangote still maintains his spot as Africa’s richest man according to Forbes Magazine. The magazine disclosed that as at January 11, 2019, the 61-year-old was worth $9.9 billion.
Dangote believes if more investors shared his view of Africa—as a source of future consumers as well as labor—it could also be a chance to bring lasting prosperity for all.
He’s done his part, he says, by committing an additional $6 billion to $8 billion in Nigerian and African investments over the next two years. But it pains him that when he goes to international events like the World Economic Forum at Davos, Africans are poorly represented, and Africa is still seen as a risky investment. After all, he points out, he made most of his money in Nigeria. “There are enormous amounts of opportunities here when you look at it,” Dangote told #TIME
in an interview some months ago.. “But unless we stay and contribute to our own countries, we’re not going to get out of the woods.” #bossroomafrica #enterprenuer #business #billionaire #forbes #mercyobidakemedia #mercyobidake #africanenterprenuers