Sunday, July 6, 2014

Aliko Dangote to Invest $12 Billion in Nigeria

NIGERIA - Aliko Dangote, speaking at the World Economic Forum, being held in Nigeria, Dangote told the forum that his company would invest a total of $12bn in Nigeria, and $4bn outside the country, over the next four years. The Dangote Group has interests stretching from cement to food.
The businessman - who is Africa's richest man - also China also promised further investment in Africa. Chinese Premier Li Keqiang gave a speech in which he pledged "no strings" support for an African plan to develop a continent-wide high speed rail network. He said China had set aside $2bn for an African Development Fund.

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