2.2 – Dangote Conglomerate Tax

“Manufacture, don’t just trade. There is money in manufacturing even though it is capital intensive. To achieve a big breakthrough, I had to start manufacturing the same product I was trading on; which is commodities.” – Aliko Dangote Dangote Group is one of the most successful companies in Africa. It has the operational quality and scale to compete and win markets. It is an industrial conglomerate. And it has one feature every major global conglomerate has: it taxes the economy. Importantly, it is a good thing when you have many such companies, because at the end, the net effects are always…