Asili Africa
Dangote Group (Nigeria): One man built Africa's richest fortune from cement artwork

Dangote Group (Nigeria): One man built Africa's richest fortune from cement

Asili Africa
20:57
Play episode

Show notes

Nigeria, the nation that for half a century had pumped some of the world's best crude out of its delta and then bought refined fuel back from Europe at a markup, was now shipping petrol out. The man who had paid for it was sixty-eight years old. He had been born in Kano, in the north. And he had started, in 1977, with a family loan worth about three thousand US dollars. This is the story of Dangote Group.

More from this show

More
  1. Naspers/Prosus (South Africa): Nothing this company ever did was made to cost it anything — and the only bill it has ever been sent was for winning.

    This is the one where a company spends a hundred and eleven years never once being made to pay for anything it did, and then gets handed a bill for the only thing it got right. Let…

    18:23
  2. Uchumi (Kenya): Once the oldest formal supermarket chain in Kenya

    This is the story of the oldest supermarket chain in Kenya. A company that Kenyan industrial policy invented in nineteen seventy five, that Kenyan retail investors bought into on t…

    27:17
  3. Nakumatt (Kenya): Once the largest supermarket chain in East Africa

    This is the story of a Nakuru mattress shop that grew, in twenty five years, into the largest supermarket chain on the eastern side of the continent. And then, in the space of thir…

    18:12
  4. Shop2Shop (South Africa): Fintech solution for marginalized businesses

    Two South African brothers built a payments and cash-management platform for the spaza shops, kiosks and micro-merchants that the country's retail banks and card networks quietly s…

    16:13
  5. Fuzu (Kenya): Nairobi-headquartered talent platform for African professionals

    This is the story of Fuzu. The company built from a single moment when fifteen hundred people applied for one Nairobi driver job. The company that outlasted a decade of African onl…

    16:04
  6. Tugende (Uganda): A Ugandan asset-financing company for boda-bodas

    This is the story of Tugende. The company that bet everything on the credit of people banks refused to see, built an empire one daily payment at a time, lost its footing at the wor…

    15:16
Now Playing