Category: The Dangote System

3.3 – The Dangote Way

“We had a lot of capital, and we were able to build out our own power grid. The number one thing that kills businesses in Africa is power, or the lack of power. We wanted to have our businesses completely…
3.2 – The Tenets of Dangote Success

“The most dangerous thing for an entrepreneur to do is to actually go into a business that he does not understand fully.” – Aliko Dangote “Motivation, backed by good planning and correct action leads to success” – Aliko Dangote Throughout the…
3.1 – The Beginning and Evolution

“I always tried to move up the food chain… When I was trading sugar, I added salt and flour, so that then we could do pasta. And then I thought, why not make the bag for it too? So, we…
2.3 – When Conglomerates Lose

“Don’t kill the competition. Competition is healthy for businesses. It keeps you the entrepreneur on your toes.” – Aliko Dangote Despite the strengths of conglomerates, they can be challenged by anyone that can master what they do. The conglomerates accumulate capabilities and they…
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…