Dangote Cement : an African success story?

TitleDangote Cement : an African success story?
Publication TypeOther
Year of Publication2016
AuthorsA. Akinyoade, and C.U. Uche
Series titleASC working paper
Pagination 40
Date Published2016///
PublisherAfrican Studies Centre Leiden (ASCL)
Place PublishedLeiden
Publication Languageeng
Keywordscement industry, Nigeria

This paper critiques the rise of Dangote Cement plc to become the dominant player in the Nigerian cement industry. Although the close relationship between the company's founder, Aliko Dangote, and subsequent Nigerian governments has been an important factor in this success story, we argue that it is not the only explanatory variable. Dangote's entrepreneurial skills and understanding of the Nigerian political and economic environment enabled him to proactively predict and exploit the rapid increase in demand for cement in the country. The reluctance of most multinational cement companies to increase their investments in Nigeria - a consequence of the ever increasing international scrutiny of business ethics especially in corruption prone countries - also helped reduce the competition and investment risks for Dangote Cement.

IR handle/ Full text URLhttp://hdl.handle.net/1887/38674
Citation Key8017