Aliko Dangote: “We might go into steel” – how the magnate sequences market entry.

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Cement remains the biggest contributor to Dangote Industries Ltd, the financial slab on which other industries are built. Net income from Dangote Cement, for example, hit nearly half a billion dollars in the first half of 2021, a 50% jump after a difficult and Covid-19-beset 2020. A useful chunk of change when paying off debts on a $19bn refinery.

et income from Dangote Cement, for example, hit nearly half a billion dollars in the first half of 2021, a 50% jump after a difficult and Covid-19-beset 2020. A useful chunk of change when paying off debts on a $19bn refinery. With installed capacity of 48.6m tonnes per year across the continent, Dangote Cement is adding new capacity in Nigeria’s Edo State later this year.