Tuesday, 6 October 2015

Dangote Listed Among World’s 50 Most InfluentialPersons

The President, Dangote Group, Aliko Dangote, has
been named among the 50 world’s most influential
personalities by Bloomberg, the renowned United
States-based news media with bias for business and
financial news reporting.

The personalities chosen by the Bloomberg Market
consisted of CEOs, world leaders as well as religious
leaders. As expected, US President, Barack Obama;
German Chancellor, Angela Merkel; and Pope Francis
made the list, with Dangote ranked 41st.
According to Bloomberg, those on the list “build
companies and assemble fortunes. They run banks,
or hope to disrupt them. They shape economies and
spread ideas. They manage money and wield the
clout that goes with the billions of dollars they
invest.”
On Dangote, Bloomberg stated, “Africa’s most
successful businessman built his fortune in sugar,
textiles and cement in his native Nigeria, where today
he’s a political as well as a financial power broker.
He’s expanding in other countries and may list his
cement company in London.”
Paul Wallace of the media outfit wrote, “Dangote is
feted like royalty. He has businesses ranging from
cement to sugar to energy in a dozen sub-Saharan
countries. He’s a fixture at elite gatherings such as
the World Economic Forum in Davos, Switzerland. No
African has ridden the continent’s halting march out
of poverty toward potential prosperity as
spectacularly as its richest person, the Nigerian
industrialist, Aliko Dangote.
“Dangote’s clout extends beyond the boardroom and
the high-flier dinner circuit. In March, as votes were
tallied in Nigeria’s presidential election, Dangote, 58,
served as an intermediary between the camps of the
incumbent, Goodluck Jonathan, and the ultimate
winner of the election, Muhammadu Buhari.”
“There’s no question that he is quite an exceptional
person—not only in Africa but globally,” says Mark
Mobius, chairman of the emerging-markets group at
Franklin Templeton Investments.
Speaking at the Financial Times Africa Summit in
London on Sunday, Dangote had expressed
confidence that Nigeria would weather the oil shock
that had decimated government revenues if it
stepped up the fight against corruption.

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