Africa: Dangote Remains Africa Richest Man

3 March 2015

Lagos — Alhaji Aliko Dangote has remained Africa's richest man despite his losses to the devaluation of the Naira and drops in the demand for cement his largest asset.

According to Forbes margazine, Dangote was this "year's biggest loser in dollar terms as his fortune dropped to $14.7 billion from $25 billion last year, propelled downward by a weaker Naira and shrinking demand for cement, his largest asset. He still retains the title of Africa's richest man.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.