Feb 23 β€’ 04:49 UTC 🌍 Africa AllAfrica

Nigeria: Wealthiest African Aliko Dangote Prepares Daughters in Succession Push

Aliko Dangote has appointed his three daughters to key leadership roles as part of his plan to expand the Dangote Group into a $100 billion enterprise.

Aliko Dangote, the wealthiest man in Africa, has taken significant steps to prepare his daughters for leadership roles within the Dangote Group, which operates in 17 countries across the continent. This move comes as part of a broader strategy to expand the company into a $100 billion enterprise within the next four years. After stepping down as chairman of Dangote Cement Plc last year, Dangote initiated a succession plan that emphasizes family involvement in the company's future operations.

Halima Dangote has been appointed as Group Executive Director, taking charge of the Dangote Family Office and overseeing the company's international operations in Dubai and London. Her previous experience includes successfully leading the turnaround and sale of Dangote Flour Mills, as well as serving on various corporate boards, which positions her well for this new role. The focus of her position will be on enhancing governance and structuring within the family office, pivotal for ensuring the long-term viability of the family's business interests.

Fatima Dangote has also taken on an essential role as Group Executive Director for Commercial Operations, specifically in the Oil & Gas sector. In her new capacity, she will oversee operations at the Dangote Petroleum Refinery along with fertilizer and upstream energy assets, integrating corporate communications and procurement. This strategic leadership gambit highlights a broader trend in Africa's business landscape where family-owned conglomerates are increasingly transitioning leadership to the next generation, ensuring continued growth and sustainability in a competitive market.

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