In very interesting news, Africa’s richest man and President, Dangote Group, Alhaji Aliko Dangote, has stated his company will be ready to list on the London Stock Exchange by the end of 2016.
In a video interview with Bloomberg published on Tuesday, Alhaji Dangote said, “I think we will list in London. What we are trying to do now, between now and maybe the next six to 10 months is actually trying to address all the governance issues.
“I think we will be ready to list sometimes towards ending of 2016 at the latest, which means anytime between the beginning and the end of 2016.”
Just last year, Seplat Petroleum Development Company Plc, an indigenous oil and gas company, joined the list of Nigerian companies listed on the LSE.
The Dangote Group is one of the most diversified business conglomerates with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.
The Group’s activities encompass manufacturing, refining, real estate, milling, port management and haulage . Their products include Cement, Sugar, Salt, Flour, Semolina, Pasta, Noodles, Poly Products, Fruit juice and many others. The group also has a foundation; Dangote Foundation which spear heads the group’s Corporate Social Responsibility.
Dangote Group is a multi-billion Naira company poised to reach new heights, in every endeavour competing with itself to better the past.