Dangote: Only African in Bloomberg most influential list

Dangote’s contribution to the world this year revolves around his dynamic attention to lessen food imports into his own country and Africa’s largest nation, Nigeria, by focusing on domestic production of sugar and dairy, with 500 million liters of Nigerian milk to be produced by 2019. Earlier this year he announced a $50B USD plan to invest in renewable energy. “What sets The Bloomberg 50 apart from other lists is that each person chosen has demonstrated measurable change over the past year,” Bloomberg Businessweek editor said. The event was emceed by actor Keegan-Michael Key, with a performance by Mandy Gonzalez of Broadway sensation “Hamilton.” Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. He owns about 90% of publicly-traded Dangote Cement through a holding company. Dangote Cement produces 44 million metric tons annually and plan to increase its output 33% by 2020. Dangote also owns stakes in publicly-traded salt, sugar and flour manufacturing companies. Source:  editors.3news.com |APO Group