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Granfather loan make Africa’s richest man

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Africa’s richest man, Aliko Dangote, currently worth $18.3 billion, is a role model to entrepreneurs on the continent.
While his business interests currently spread across Africa, Dangote’s impressive fortune was built from very humble beginnings.
He started his business in 1978 with 500,000 Naira borrowed from his grandfather.
Yes, his grandfather.
And because business flourished, he paid back the loan in just six months.

 

 

In the early years, Dangote focused on importing soft commodities, especially rice, frozen fish, sugar and baby food into Nigeria. Today, his business interests have expanded into local production of cement, salt, flour and very recently, petroleum refining.

‘’He started his business in 1978 with 500,000 Naira borrowed from his grandfather. ‘’

His aggressive business expansion and diversification efforts have led to huge investments in Nigeria, Benin, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia.
Dangote is really consolidating his wealth and may just remain Africa’s richest man in the coming years.

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