Despite inflationary pressures and logistical constraints, the ‘king of cement’ has confirmed its rise to prominence and seems to be finding the path to profitability in pan-African markets.
The spearhead of the Dangote Industries Limited empire, which includes some 15 subsidiaries including Nascon and Dangote Sugar , Dangote Cement has withstood inflation, the naira crisis and the price war waged by rival Abdul Samad Rabiu, head of BUA Cement , to post a record 2023 financial year.
500 Business Champions 2024: Dangote, Sasol, OCP… our complete exclusive rankingDespite global economic turmoil and multiple currency crises, the top 500 African groups are steadily continuing their ascent, with energy, mining and tourism leading the way.Rising oil prices boosted energy company revenues but did not prevent an overall drop in profit margins from our ranking.Our yearly Top 500 is put together with over three months of detailed work and a bulletproof method. Here’s how.
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