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Dangote ranks 9th on list of top 10 richest manufacturing billionaires in the world

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Aliko Dangote: A fearless advocate for quality education and success. Dangote is the only African on the list, which is dominated by billionaires from Asia and Europe. The Dangote Group is one of the largest private conglomerates in Africa, with operations in over 10 countries. Visit africa.businessinsider.com for more business stories. Africa’s richest man, Aliko Dangote, has ranked 9th on the list of the richest manufacturing billionaires in the world in 2023.  According to CEOWorld magazine, Dangote, with a net worth of $10.5 billion, is the only African on the list, dominated by billionaires from Asia and Europe. The 66-year-old billionaire, who derived most of his wealth from his 85.2 per cent majority stake in Dangote Cement, the largest cement producer in sub-Saharan Africa, credits much of his success to his maternal grandfather, who instilled a business mindset in him from a very young age. Here is a list of the top 10 richest manufacturing billionaires in the world in 202...

MTN Ghana records ¢2.77bn profit in quarter 3, 2023; MoMo revenue hits ¢2.1bn

   AJ24Focus MTN Ghana records ¢2.77bn profit in quarter 3, 2023; MoMo revenue hits ¢2.1bn Source:     1 November 2023 1:07pm MTN Ghana registered a profit of ¢2.77 billion, about 32% year-on-year growth in the first nine months of 2023. According to its Financial Performance at the end of September 2023, the telecom giant delivered a 36.0% year-on-year increase in service revenue, driven mainly by growth in voice, data, and mobile money. This was underpinned by the continued execution of Ambition 2025 and sustained investments in capital expenditure to support improvements in service quality and the expansion of network capacity and coverage. Its mobile voice revenue grew by 14.5% year-on-year to ¢2.7 billion. The impact of the National Communications Authority’s (NCA) directive on SIM disconnections continued to impact the subscriber base, resulting in a 9.3% year-on-year decrease to 25.8 million. The voice revenue it said contributed to service revenue declin...