TYCOON ACQUIRES A CRUISE SHIP

Said Salim Awadh Bakhresa is what Aliko Dangote is to Nigeria . The tycoon has acquired a cruise ship and named it 'AZAM' . It will be part of his AZAM marine services. Bakhressa,born 1941 near Dar Es Salaam, Tanzania is an extremely reclusive Tanzanian business tycoon who is estimated to be worth $3 billion. He is the founding father and the Chairman of the Bakhresa Group Of Companies. He is a well-known industrialist in the mainland of Tanzania and island of Zanzibar. With a humble beginning as a small restaurateur in seventies, he created the business empire within a span of three decades. He is the mastermind behind the success of all the businesses within the group. His vision and excellent managerial skills contributed to the growth of this group to great heights. At the age of 14, he dropped out of school to become a potato mix salesperson and would later go on to become a successful African businessman. Bakhresa Group; is a conglomerate of various companies and is the largest milling company in East Africa with operations in Tanzania and five other countries. His group employs more than 2000 people and is Tanzania's largest conglomerate. Other specialties produced through Bakhresa's conglomerate includes:confectioneries, frozen foods, various kinds of drinks, and packaging.The Azam brand is Bakhresa's most successful chocolate and ice cream manufacturer in Tanzania. While the company is managed by his sons, Bakhresa owns the company itself. Its daily capacity for manufacturing is 2100 metric tons and made sales of $800 million in 2011. Bakhresa's Azam Marine division is providing international tourists with quick ferry services as more people discover Tanzania. In addition to Zanzibar, riders can also experience Lake Victoria and Mount Kilimanjaro.

NIGERIAN IS AFRICA'S RICHEST MAN.

Aliko Dangote,a Nigerian business industrialist has made it to the top in the continent's list of Mr. Money bags. According to Forbes Magazine latest rankings, Dangote's wealth is estimated to be $13.8Billion and is ranked #51 worldwide and no.1 in Nigeria and Africa. His actually $300 million richer than Facebook Mark Zuckberg who follows him at #52.The Nigerian businessman's fortune surged 557% in the past year, making him the world's biggest gainer in percentage terms and Africa's richest individual for the first time. The catalyst was listing Dangote Cement, which integrated his investments across Africa with his previously public Benue Cement; it now accounts for a quarter of the Nigeria Stock Exchange's total market cap.Dangote Cement now has a market value in excess of $13 billion, and accounts for a quarter of the Nigeria Stock Exchange’s total market capitalization.

The dearth of native suppliers to meet increasing cement demand is driving the stock price. Dangote projects demand at 72 million metric tons and growing because of the drive to build infrastructure in Nigeria, Africa’s most populated nation, as well as other countries; current supply is 67 million metric tons, a shortfall of 5 million metric tons.

Already the continent's biggest cement maker, he has plants under construction in Zambia, Tanzania, Congo and Ethiopia and is building cement terminals in Sierra Leone, Ivory Coast and Liberia, among other places. Dangote, who recently bought himself a $45 million Bombardier aircraft for his birthday, has been shuttling back and forth to London for months, in anticipation of a public offering there later this year. Dangote began his career as a commodities trader; built his Dangote Group into conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, textiles, real estate, and oil and gas.