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THE DANGOTE GROUP
The Dangote Group is one of the most diversified business conglomerates in Africa with a hard-earned reputation for excellent business practices and products' quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.
It was established in May 1981 as a trading business with an initial focus on cement and overtime the business diversified into a conglomerate trading of cement, sugar, flour, salt and fish. As at early 1990s, the business had grown into one of the largest trading conglomerates operating in the country.
In 1999, following the transition to civilian rule and after an inspirational visit to Brazil to study the emerging manufacturing sector, the business made a strategic decision to transit from a trading based business into a fully fledged manufacturing organization. In a country where imports constitute the vast majority of consumed goods, a clear gap existed for a manufacturing organization that could meet the 'basic needs' of a vast and fast growing population.
The organization embarked on an ambitious construction program, initially focused on the construction of flourmills, a sugar refinery and a pasta factory. In 2000 the organization acquired the Benue Cement Company PLC from the Nigerian government and in 2003 commissioned the Obajana Cement Plant; the largest cement plant in sub-Saharan Africa.
The Group is now one of the largest manufacturing conglomerates in sub-Saharan Africa and is pursuing further backward integration alongside an expansion program in existing and new sectors.
The organization consists of cement manufacturing and importing, sugar manufacturing and refining, salt refining, flour and semolina milling, pasta manufacturing, noodle...
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...ls, power and diesel which have gone up compared with the previous year and the inability of manufacturers to pass on these increases to consumers.
Some other cons and challenges of doing business in Nigeria that also affects this group are; lack of infrastructure, poor power supply, inadequate security, inconsistent government policies, transportation challenges, inability to access funds and lack of government support.
The Dangote Group is the largest industrial conglomerate in West Africa and one of the largest in Africa. It generated revenue in excess of US$2 billion in 2011. The group is one of the leading diversified business conglomerates in Africa. It employs in excess of 21,000 people. The Group focuses on provision of local, value-added products and services that meet the needs of the African population and that is why it is known all over the world today.
Priscilla. “The World Economy and Africa.” JSpivey – Home – Wikispaces. 2010. 29 January 2010. .
It is thought-provoking, in the sense that Africa’s need for foreign created a race to the bottom, much like what Pietra Rivoli described in The Travels of a T-Shirt in the Global Economy. Due to some African states’ reliance on foreign aid in order to mine and profit on their resources, they allow business standards to be lowered and for Chinese firms to tip the contracts moresoever in the favor of Chinese firms. This lowers the potential earnings of African states by lowering royalty rates, for example. Additionally, Burgis’ research was thorough and transparent. When he did not receive a response or if his questions were dodged, he made it obvious to the readers. Sure, some could view this book as too anecdotal to be used as a credible source of Africa’s situation. However, this is due to the nature of the system Burgis is writing about; after all, they are shadow states for a reason. Some readers will be saddened by this text, others angry, most curious to learn more, but above all, everyone will be intellectually stimulated and
The cost of fuel has increased substantially in recent years. It would increase the logistics cost for the group and reduce its margins.
has grown into a $49.7 billion corporation by clearly focusing on the goal of enabling commerce around the globe.
Its organisational structure is quite simple. The company is headquartered in Austria (Fuschl am See) and it has a regional head office in each country that it operates in. It adapts the global sales and marketing directives from its head office to the local consumer and market.
In terms of the flow of goods in the region, each group company can directly order the material, produce the goods and sell them within the regional market. They build their own physical flow of goods, being relatively independent from the parent companys physical flow of goods. However, only one third of total revenue in the southeast Asia is produced in the region due to the limited production capacity of the group companies, the remaining two-thirds are still mainly supplied from the company's main production site in Germany.
Ownership and control of production ; vertically integrated manufacturing operation to enable its constant introducing of new items and also ensure short lead time
Have a very long history over 140 years Operated factories in 77 countries in all six continents, a truly global company Considered the innovation leader in the global food and nutrition sector with 3500scientists in company R&D network Offering thousands of local products, research and development capabilities.
A third cause of the high prices is that the types of cars and trucks we are driving tod...
Despite remarkable growth, one of the serious challenges for Kagiso Media is that it is a small company with tightly held shares. This placed serious limits on future growth. Finance director Pieter Jacobs admitted that institutional investors were no longer interested in the share because they could not get big-enough volumes. The main buyers of the share were individual investors who could then monitor the company’s performance. While competition is tough the idea was to expand its market share at upper-income groups, but open to all is the best choice. With challenges come opportunities like expanding further into Cape Town, the Durban Motor show through Kagiso Exhibitions and beyond the boarders especially East and West Africa through licensing rights of the Independent Communications Authority of SA's (ICASA). But back at home while the new privilege had offered Kagiso Media opportunities, there were also drawbacks. Their competitor East Coast Radio in KwaZulu Natal were already settled since there was no immediate competition and claiming a 20% increase in women listeners and 28% increase in black listeners. This did not stop Kagiso, they purchased the entire station with others proportionally owned by shareholders. However, the tables almost turned in 2001 when New Africa Investments (Nail) came into the picture because their shareholders (Kagiso) felt the rules governing broadcasting ownership restricted growth.
Benin’s economics are not as great as a manufacturer owner would want them to be to build a factory in the country. The government of Benin today is more of a democracy type of government. Benin’s economy still remains to be not developed and is mainly based on agriculture. Although it is one of Africa’s biggest cotton producers it ranks among one of the world’s poorest countries. The Gross Domestic Product (GDP) of Benin is $7.557 billion USD. It is that low because they do not have much to offer in the trading business and they do not produce a lot of goods that other countries want to buy. The GDP per capita in this country was last recorded at $1,700 US dollars in 2012. The GDP per capita in Benin is relatively low compared to most of the other countries in the world. This could be a terrible thing because that means its standard of living is not so high and could infer that there is quite a bit of poverty in this country and its wealth overall is not so admirable. A lower standard of living in a country could mean that the area or city is atrocious and or the country’s wages that it has to offer are decumbent. Having that said it could be bad for my company but still an incentive for it as well. The advantage that this could have in the company is ...
Cement china (2013). Dangote invests $28M in Ghana cement packaging plant.[Online]Available at: http://www.cementchina.net/news/shownews.asp?id=7442[accessed November 21 2013]
In conclusion, the effects of higher gas prices cutting back in vacation time, prices of everything is going up “inflation”, car companies making more efficient cars.
Ghana is a country located on the west coast of Africa; Africa is a resource rich continent that supplies much of the world with diamonds, oils, petroleum and more through trade. The country of Ghana has undergone revision in their labor forces in the past twenty years, Ghana has moved more from the traditional labor sector like agriculture to more modern sectors. One of the more modern sectors of Ghana today is the industrial sector which is relatively small and is mainly operated by the Ghanaian government. The industrial sector was expanded by the government and president to employ the unemployed and promote investment in the private sector. After the 1990’s Ghana has seen consistent economic growth but their economic growth from the last eight years has increased tremendously. In the most recent of years ( after 2004) the growth rate of Ghana started to accelerate and it increased to over six percent between a five year span from 2005-2010, with the average being above seven percent in 2000 and 2009. The increase in sectors has taken Ghana from a poverty rate of more than half 51.7% to 28.5% by the year 2005. Before Ghana’s independence on March 6, 1957 most of the country’s gdp was contributed to agriculture and the industry sector was less of a contributor. Recently, between the years of 2001-2010 the roles of whom or what contributes to the gdp has switched. Most of the contribution to the gdp is that of the service sector. Even though, the service sector has risen to the top of the economy, agriculture is slowly but surely is rising back to the top of Ghana’s highest gdp contributor by the way of nontraditional exports like automobiles and cocoa. The service sector of Ghana provides many residents w...
The majority of the continent of Africa has not been as economically progressive as the other continents in today’s world. However, over the past few years, it has been rapidly growing. Although there have been multiple countries in Africa that have reflected a strong growing economy, such as South Africa and Botswana, there are many other countries that are still corrupt and are still struggling to grow as a nation. There are many challenges that are facing Africa currently. Some of these major challenges being, corrupt governments, vicious cycles of aid, and poverty traps. However, among these challenges, there still lies to be great opportunities for Africa within their technology and business sectors.