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Dangote Group’s revenue to hit $30bn by 2020

The President of Dangote Group, Aliko Dangote, on Thursday said the cumulated revenue of the group would hit $30billion by 2020.

He disclosed this while speaking as one of the panelists in the first Presidential Investment Chat at the ongoing Africa Investment Forum holding in Johannesburg, South Africa.

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Dangote was among the speakers that discussed “Investment in Africa” alongside President Cyril Ramaphosa of South Africa, President of African Development Bank (AfDB) Dr Akinwunmi Adesina and Chairman of Al-Ghurair Group, Abdul Aziz Al-Ghurair.

He also said countries in Africa should at least have minimum of 80-85 percent local contents in production of goods and products.

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“Nobody would come and develop Africa except Africans themselves; only Africans can truly make things happen on the continent,” he said.

He added that by 2020, Dangote Group’s revenue would hit $30bn because many of its ‘’bold investments’’ would have yielded more fruits.

“When people were running away from investing in Africa, we are putting our money, investing across the continent.

“If we are really determine, we can make Africa great; the prospective are there,” he said.

He said the Group had invested $4.8bn across Africa in the last four years.


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