Forbes Magazine recently released its list of billionaires for 2011. Four Africans made the list including , a Nigerian business tycoon who ranked 51 on the list with a net fortune worh $13.8 billion. This whooping sum was made from his trade in sugar, flour and cement.

Africans on the 2011 Forbes List of Billionaires

Name Country Worth Source Ranking
Aliko Dangote, Nigeria $13.8 billion Business #51 (world)
Nicky Openheimer South Africa $7 billion Inherited #136 (world)
Johann Rupert South Africa $4.8 billion Business #219 (world)
Mike Adenuga Nigeria $2 billion Business #595 (world)
Mexico’s Carlos Slim tops the list for the second consecutive time as Forbes Richest Man in the World with his total fortune worth of $76 billion. Slim added over $20 billion to his fortune during last year alone. He is followed by Bill Gates $56 billion and Warren Buffett – $50 billion.

The U.S. still dominates with 413 billionaires, Asia second with 332, 115 of which are Chinese.Europe has 300 billionaires and Middle East/Africa has 89.

New comers on the list include Mark Zuckerberg’s, Facebook developer and three of his co-founders.

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LAGOS — THE pathway to reconciliation between President and his foes in the Northern Political Leaders Forum, NPLF, has been articulated in a report of a joint committee constituted by both parties.

Both sides were evasive on the contents of the report which was to be submitted last night. It was, however, gathered that it contained provisions that would accommodate supporters of the NPLF and its presidential aspirant, Atiku Abubakar, in an enlarged Presidential Campaign Committee of the President.

News of the report which was being kept under close wraps came as President Jonathan, weekend, charged his top campaign aides to pursue former President and erstwhile National Security Adviser, Gen. Aliyu Mohammed Gusau (rtd), for the purpose of bringing them on board.

President Jonathan had, weekend, crossed the bridge when he paid a visit to Mallam Adamu Ciroma at his Abuja residence.

Vanguard learnt that the outcome of the meeting was a report that could forge permanent peace between the President and the NPLF.

Before the President visited Ciroma, the erstwhile Chairman of the Board of Trustees of the PDP, Chief Anthony Anenih, had played the role of peacemaker between the President and the NPLF.

Decision of NPLF
It was learnt that the option of peace with President Jonathan followed the decision of the NPLF to discard the two other options before it. The other options were to support the Presidential Candidate of the Congress for Progressive Change, CPC, Major General Muhammadu Buhari or to frustrate President Jonathan’s election bid through the courts.

Sources in the Buhari camp confirmed last night that there had been no approaches from the Mallam Adamu Ciroma-led NPLF.

Buhari’s spokesman, Mr. Yinka Odumakin, said: “No approach has been made so far but Gen. Buhari has always maintained that he appreciates support from all sections of Nigeria and as far as we are concerned he is not a candidate of a section of the country.

His constituency is the Federal Republic of Nigeria and all the constituent units but he will not turn down support from any group of persons provided they are Nigerians.” Vanguard learnt last night, that the NPLF would in the next two days make a declaration on the development.

Marching order
The marching order from President Jonathan to his campaign aides is coming on the heels of the President’s plan to heal the wounds that the pre and post PDP Presidential primaries inflicted on the aspirants.

This was the outcome of the meeting President Jonathan held with members of the just constituted Presidential Campaign Council 2011. The meeting which was chaired by President Jonathan, took place at the Legacy House, Saturday, with the major agenda of stock taking, the journey so far and where to go from there on the Jonathan/Sambo presidential campaign.

The meeting started at 10.00pm on Saturday and stretched till 2.30am on Sunday morning with the Acting National Chairman, Alhaji Haliru Muhammed Bello, Senator Dalhatu Sarki Tafida, Chief Tony Anenih, Senator Grace Folashade Bent, Senator Teslim Folarin, Chief Ojo Maduekwe, the Chief of Staff to the President, Chief Mike Ogiadomhe, and others in attendance.

It was gathered that as soon as the meeting started, the President briefed members of efforts he made to reach out to Mallam Adamu Ciroma, Ibrahim Babangida, Atiku, Gusau, and others, just as he stressed the need to mend fences with his former contenders in the PDP presidential race including Alhaji Atiku Abubakar, General and General Aliyu Gusau.

He then told members of the Presidential Campaign Council 2011 to work out modalities for a meaningful relationship with them.

A source at the meeting said President Jonathan saddled members of the council with the responsibility of reaching out to the former Presidential aspirants as well as open up discussions with them with a view to bringing them on board early enough against the backdrop that he is ready to have his former opponents join him in forming the next government after the April Polls.

It was also gathered that at the meeting after a brief proposal by Ojo Maduekwe who served as Secretary, members spoke on how to finance the 10 committees recently set up by the PDP and the Presidency to see to the emergence of Jonathan as President in the April Presidential election.

Ojo Maduekwe at the meeting stressed the need for creating a sub-committee for the Campaign Council, an indication that more prominent members of PDP would still be enlisted in the committee which holds its next meeting early this week. The meeting, it was learnt, also stressed the importance of the media in the campaign process and the need to properly fund the media committees in order for them to function effectively.

It would be recalled that the PDP brought in former President Olusegun Obasanjo on board of Jonathan’s Presidential campaign as he was named as a key member of Presidential Campaign Council 2011 in his capacity as the Chairman Board of Trustees of PDP.

Other members of the Presidential Council are the Senate President, David Mark, House of Representatives Speaker, Dimeji Bankole, Deputy Senate President, Ike Ekweremadu, House of Representatives Leader, Tunde Akogun, Ogun State Governor, Gbenga Daniel, Babangida Muazu, Bukola Saraki, among others.

Campaign council
Besides the Campaign Council headed by President Jonathan, other Committees include Presidential Campaign Directors, zonal co-ordinators which include Liyel Imoke, SouthSsouth; Martin Elechi, South-East; Gbenga Daniel, South-West; Gabriel Suswam, Middle Belt; Isa Yuguda, North-East and Ibrahim Shema, North-West.

Other Committees include Entertainment/Protocol Committee, Publicity Secretary which include Tony Iredia, Ojeifo Sufuyan, Ima Niboro, Doyin Okupe, Oronto Douglas, Raymond Dokpesi with PDP National Publicity Secretary, Ahmed Rufai Alkali as Chairman.

There is also the Finance and Fund Raising Committee headed by Oba Otudeko, while the Security Committee is headed by Mike Okiro, just as there is the Inter_Party Relations Committee and headed by Chief Ebenezer Babatope.

Another strategic Committee for Jonathan Sambo campaign include Monitoring/Strategic Committee headed by President Jonathan with PDP National Chairman, Bello Muhammed, David Mark, Anyim Pius Anyim, Shuaibu Oyedokun, Ojo Maduekwe and others as members.

The Donor Committee is headed By Alhaji while Mr Tony Elumelu, Alhaji Kashim Bukar, Chief Emeka Offor, Mike Adenuga, , Jim Ovia, Sayyu Dantata, Kola Salako and late President Umoru Yar’Adua’s closest friend, Alhaji Dahiru Mangal as members.

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Dangote Group is currently the largest industrial conglomerate in West Africa and one of the largest in Africa. It generated revenue in excess of $1.255B in 2005. The group is one of the foremost diversified business conglomerates in sub-Saharan Africa. With a hard-earned reputation for excellent business practices and product quality, it has about 11,000 people in its employment.

Job Title: Vocational Technical Trainee

As part of its strategy of building a talent pipeline for its future growth requirements, the Group has embarked upon a Vocational Technical Trainee Scheme where selected candidates will be provided with comprehensive vocational skill training for 12 months. Under this scheme, the Group requires applications from exceptionally qualified Ordinary National Diploma(OND) holders who have the right attitude and passion for technical work.

The programme has been designed to equip successful candidates with the hands on knowledge to be competent professionals as well as enhancing their leadership skills in their chosen field of engineering (Mechanical, Electrical and Electronics, Chemical, Welding and Fabrication) that will translate into productive contributions to the growth of Dangote Group and other manufacturing companies in Nigeria.

Requirements
The ideal candidate must have completed his/her OND not earlier than December 2008.
Only candidates who have the following qualifications need apply

Age: Between 18 – 26 years

GPA Score: Minimum 3.0

Minimum O’Level Credits: 5 including Mathematics and English Language.

Engineering Courses: Mechanical, Electrical & Electronics, Chemical, Welding and Fabrication

Application Deadline
31st December, 2010

Method of Application
Click here to apply or here to read more http://www.dangote-group.com/careers/
Only qualified candidates will be contacted. The selection process includes written test, personal interview.

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Mr is the Chirman of African petroleum, he is also the Chief Executive officer of Zenon Petroleum and Gas limited. He used to be the second Nigerian listed in the Forbes Magazine’s World’s richest billionaires list in 2009, making him the second . His estimated worth as at 2009 was $1.2B.

However he is no longer on the list for 2010, because of the meltdown that affected his stocks in the Nigerian stock market.

Mr. Otedola is also the chairman of Transcorp Hilton Hotel, , Seaforce Shipping Company Limited, Atlas Shipping Agency Company Limited, F. O. Transport Limited, F.O. Properties Limited, Swift Insurance Brokers Limited and Garment Care Limited.

In 1994, after consolidating his fathers businesses, Mr. Femi Otedola decided to set up his own company and diversify, Centreforce Limited, a company specializing in finance, investment and trading.

In 1999, Mr Otedola ventured into the oil and gas sector and incorporated , a Nigerian company engaged in the procurement, storage, marketing and distribution of petroleum products i.e, Petrol, Diesel, Kerosene, Gas, Fuels Oils and Lubricants. Zenon, which is directly ran by Mr Otedola has become a dominant force in diesel business among oil marketing concerns. His company supplies fuel and diesel to most Nigerian industrie, his business operations cuts accros nearly all the major manufacturing firms in the country, some of which include Cadbury, Dangote Group, Nigerian breweries, Coca-cola, Unilever, MTN, NBC, UAC just to mention a few

In 2001, Mr Otedola incorporated Seaforce Shipping Company Limited and currently owns and manages a modern tanker fleet of four vessels, namely Mt. Sir Micheal, Mt. Lady Doja, Mt. Nana and Mt. Zenon Conquest, aggregating 60,158 metric tons {deadweight) that transport petroleum products.

Mr. Femi Otedola was appointed member of the Governing Council of the Nigerian Investment Promotion Council (NIPC), in January 2004. In December 2004, he was appointed a member of the committee with the task of fostering business relationship between Nigerian and South African private sectors.

In March 2005 he was appointed a pioneer director of the Transnational Corporation of Nigeria Plc and also elected president of the Nigeria Chamber of Shipping in April 2005. Mr. Otedola is a fellow of the Nigerian Institute of Shipping.

Femi Otedola is the son of former Lagos State governor, Sir. Michael Otedola. Otedola owns one of the largest oil storage facility which he purchased for N2.8 billion. He bought hundred brand new trucks purchased for N1.3 billion to strengthen the distributive arm of his business and acquired a massive flat bottom bunker vessel with a storage capacity of 16, 000 metric tonnes of diesel for 6.8 million dollars. Zenon owns four cargo ships. He owns Atlas Shipping Agency, Swift Insurance, FO Properties Limited, FO Transport.

Otedola started Zenon few years ago and within a short time seized control of the market. Today he has become the pacesetter in the downstream sector while expanding the frontiers of competition. In an interview some years ago he attributed his phenomenal leap to “hard-work and staying focused on what you want and going all out to get it.”

Femi Otedola’s business formula appears to win favour from former president Olusegun Obasanjo, under whose patronage Zenon became a force.

Zenon has diversified into shipping and has ambitions in upstream exploration, and in distribution and retail in Nigeria.

According to Forbes magazine, the “politician’s son used a majority stake in African Petroleum to get himself appointed its chief executive last year. Now he plans to merge it with his private firm, Zenon, to create the continent’s largest oil company. Deal has stalled in the face of government concerns about a monopoly, with his assets temporarily frozen last year. Nigerian regulators lifted the ban in January. Conflict abounds in Otedola’s life: he claims his friend and fellow billionaire, , broke a gentleman’s agreement when he thwarted Zenon’s bid to buy Chevron’s local subsidiary in September. In retaliation, starting buying shares in Dangote’s publicly traded sugar company”.

Sources:

Zenon Petroleum website – www.zenonpetroleumng.com

African Petroleum (AP) website – www.applcng.com

Forbes website: http://www.forbes.com

Fortune: self made
Source: Energy
Country Of Citizenship:Nigeria
Residence: Nigeria
Industry:Energy
Marital Status:married, 4 children

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President of the Alhaji has acquired a Bombardier aircraft for his private uses. The jet is valued at $45m. Its acquisition coincided with his 53rd birthday on Saturday.

The brand new Bombardier’s Global Express XRS was delivered to him in Lagos on Saturday at the Murtala Muhammad International Airport Ikeja from Bombardier Aerospace’s facilities in Montreal Canada.

The Sales Director for Africa, Bombardier Business Aircraft, Mr. Robert Habjanic confirmed the story to Daily Trust in a telephone conversation yesterday.

According to him, the Bombardier eight passenger jet model acquired by Dangote has the capacity to operate a nonstop flight between Lagos and China.

He hinted that Dangote is one of the first persons to take delivery of such aircraft in Nigeria but two other people are also expecting the delivery of the same Bombardier jets before the end of the year.

Habjanic said: “This delivery marks an important milestone in our rapidly growing presence in Nigeria. Our Global Express XRS aircraft’s combination of speed, range, safety, and efficiency makes it the perfect solution for the growing travel requirements and international activities of Leading Corporations, based in the region.”

He added: “Bombardier Business Aircraft personally went the extra mile in ensuring customer satisfaction from Delivery in Montreal to flying along on the maiden voyage in order to address any questions, as the aircraft enters its role as a valued Business Tool for Dangote Industries.”

On the value of the jet, he said: “It is not expensive depending on individual’s priority but if anyone is interested, then the person should come for enquiry.”

Even though, the business tycoon could not be reached at the time of filling this report, information gathered revealed that the new Dangote’s aircraft arrival coincided with his 53rd birthday.

Information revealed further that the acquisition of the aircraft might not be unconnected with the need to meet with his business travel appointments which cuts across borders.

However, an eyewitness at the point of delivering the aircraft told our reporter that the aircraft was later parked at the General Aviation Terminal, near Associated Airlines’ hangar with the presence of Dangote himself.

Bombardier Incorporated is a global corporation headquartered in Canada. Its revenues for the fiscal year ended January 31, 2009, were $19.7 billion, and its shares are traded on the Toronto Stock Exchange.

Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes.

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is the founder, Group President/CEO of . A company he transformed from a small trading company in 1977 to a very large multi – billion naira business conglomerate. Aliko Dangote is presently the and the richest black man in Africa. He is a Business Studies graduate from Al-Azahar University, Cairo, Egypt and the founder/Chief Executive Officer of the Dangote Group.

Acording to the Forbes magazine recent review, Aliko Dangote is currently ranked 463 richest billionaire on the 2010 Forbes Rich List, Forbes Magazine annual listing of the world’s billionaires, with a current net worth of $2.1Billion, down from the 2009 figure of $2.5Billion.

His company, Dangote Group companies spans across many sectors of the Nigerian economy, from manufacturing, transportation, food and beverages, and recently oil and Gas etc.

Born 1957 in Kano, his grand father, the late Alhaji Sanusi Dantata provided him with a small capital to start his own business, Dangote started business in Kano in 1977 trading in local commodities and building materials. Dangote later moved to Lagos sometime in June 1977 and continued trading in cement and commodities. He was encouraged by tremendous success and increase in business activities, he then incorporated two companies in 1981. These and others that followed now make up the conglomerate known as Dangote Group of Companies.

Dangote Group has become one of Nigeria’s diversified business conglomerates 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.

Dangote Group’s activities encompass, Cement – Manufacturing / Importing, Packing & Distribution; Sugar – Manufacturing & Refining, Packing and Distribution; Salt  – Refining, Packing and Distribution; Flour & Semolina – Milling, Packing and Distribution; Pasta – Manufacturing and Distribution; Noodles – Manufacturing and Distribution; Poly Products – Manufacturing; Logistics – Port Management and Haulage; Real Estate; and the Dangote Foundation

Right from the onset, the group has experienced phenomenal growth on account of quality of its goods and services, its focus on cost leadership and efficiency of its human capital. Today, Dangote Group is a multi-billion Naira company poised to reach new heights, in every endeavour competing with itself to better the past.

In recognition of Aliko Dangote’s contributions to the growth of the Nigerian economy and his philanthropy, he has been conferred with several awards including the prestigious ZIK Award for professional leadership (1992), the International Award of Sir Ahmadu Bello, the Cross River State Roll of Honour Award (2002) and the Thisday Newspapers Award for Chief Executive Officer of the Year (2005). He was conferred with the national honour of Officer of the Order of the Niger (OON) in 2000 and Commander of the Order of the Niger (CON) in 2005.

Alhaji Aliko Dangote serves on the Boards of the National Council of Nigerian Vision, Mohammed Bello Endowment for Justice and Jurisprudence, Kano Foundation, the Nigerian Economic Summit Group, African Petroleum Plc, National Investment Promotion Council and the Heart of Africa (a management group on Nigeria Image Project), etc.

Source: http://www.dangote-group.com

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takes No. 1 spot on Forbes World’s Billionaires list as a record 164 10-figure titans return to the ranking amid the global economic recovery. For the third time in three years, the world has a new richest man.

The Forbes 2010 Rich List is out, the current list of the world’s billionaires. Bill Gates is once again upstaged as the world’s riches man this time by Mexican telecoms tycoon Carlos Slim with a total net worth of $53.5 Billion, knocking Microsoft founder Bill Gates into second spot at $53.0 Billion, quite a slim margin. Warren Buffet drops to No3 3 at $47 Billion. It is only the second time since 1995 that Gates has lost the crown, said the magazine.

Here is Forbes ranking of the 20 richest people in the world:

1. Carlos Slim (Mexico) – $US53.5 billion, telecommunications

2. Bill Gates (USA) – $US53 billion, Microsoft

3. Warren Buffett (USA) – $US47 billion, Berkshire Hathaway

4. Mukesh Ambani (India) – $US29 billion, petrochemicals, oil and gas

5. Lakshmi Mittal (India) – $US28.7 billion, steel

6. Larry Ellison (USA) – $US28 billion, Oracle

7. Bernard Arnault (France) – $US27.5 billion, LVMH

8. Eike Batista (Brazil) – $US27 billion, mining, oil

9. Amancio Ortega (Spain) – $US25 billion, retail

10. Karl Albrecht (Germany) – $US23.5 billion, supermarkets

11. Ingvar Kamprad & family (Sweden) – $US23 billion, Ikea

12. Christy Walton & family (USA) – $US22.5 billion, Walmart

13. Stefan Persson (Sweden) – $US22.4 billion, Hennes & Mauritz

14. Li Ka-shing (Hong Kong) – $US21 billion, diversified

15. Jim Walton (USA) – $US20.7 billion, Walmart

16. Alice Walton (USA) – $US20.6 billion, Walmart

17. Liliane Bettencourt (France) – $US20 billion, L’Oreal

18. S. Robson Walton (USA) – $US19.8 billion, Walmart

19. Prince Alwaleed Bin Talal Alsaud (Saudi Arabia) – $US19.4 billion, investments

20. David Thomson & family (Canada) – $US19 billion, news and information company Thomson Reuters

2010 World’s Billionaires have an average net worth of $3.5 billion, up $500 million in 12 months. The world has 1,011 10-figure titans, up from 793 a year ago but still shy of the record 1,125 in 2008. Of those billionaires on last year’s list, only 12% saw their fortunes decline.

U.S. billionaires still dominate the ranks — but their grip is slipping. Americans account for 40% of the world’s billionaires, down from 45% a year ago.

The U.S. commands 38% of the collective $3.6 trillion net worth of the world’s richest, down from 44% a year ago.

Of the 97 new members of the list, only 16% are from the U.S. By contrast, Asia made big gains. The region added 104 moguls and now has just 14 fewer than Europe, thanks to several large public offerings and swelling stock markets.

of Nigeria has dopped to 463 with a reduced net worth of $2.1 Billion, while  has completely dropped off the radar with the recent Nigerian stock market meltdown where African Petroleum (AP) stocks took a direct hit.

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