Africa’s richest man, Aliko Dangote, is looking to take greater control of another part of his industrial supply chain, this time by putting his company’s products on its own ships.
Dangote Industries is moving towards acquiring vessels to transport products from Nigeria to markets across West and Central Africa, as limited shipping capacity and the cost of moving goods by road complicate the group’s regional expansion.
Sada Ladan-Baki, head of international trade export at Dangote Cement, disclosed the plan on Tuesday at a seminar on non-oil exports, according to BusinessDay.
“We are moving forward towards getting our own ships in order to do this business,” Ladan-Baki said.
The problem facing the conglomerate is particularly striking given the short distance between some of its markets.
