Africa's richest man: Dangote ends 2019 $4.3m richer

Africa's richest man: Dangote ends 2019 $4.3m richer

- Aliko Dangote, Africa's richest man became $4.3 billion richer in 2019

- He ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the world

- His fortune continued to grow on the back of investments in cement, flour and sugar

Information reaching YEN.com.gh indicates that Africa’s richest man, Aliko Dangote, became $4.3 billion richer in 2019.

The 62-year-old businessman ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the world.

According to the Bloomberg Billionaires Index, his fortune continued to grow on the back of investments in cement, flour and sugar.

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Born into a wealthy Muslim family of traders in the north, Dangote incorporated his own business selling cement at 21.

He shifted to manufacturing building materials in the 1990s, helped by government policies that encouraged ways to reduce the need for imports.

The year 2020 could be a significant one for the billionaire, who is close to completing one of the world’s largest oil refineries in Nigeria.

The plant has the capacity to meet more than Nigeria’s entire fuel consumption and could transform an economy that currently imports all its refined product needs.

Dangote is also constructing a fertilizer factory on the same site.

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YEN.com.gh earlier reported that President Nana Akufo-Addo has reiterated to Ghanaians that he will ensure that Ghana’s 8th elections under the 4th republic is a free, fair and transparent one.

In a new year's message to the people of Ghana, he urged the nation to ensure that the 2020 presidential and parliamentary elections were held in a peaceful, transparent atmosphere and manner.

According to him, he is confident that Ghana will rise to the occasion in December 2020 and continue to be the beacon of democracy and hope for Africa.

READ ALSO: New Year Message: Akufo-Akufo assures Ghanaians of a peaceful and fair election in 2020

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Source: Yen.com.gh

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