Africans investing more in Africa as western interests scale back

Dangote cement' Obajana plant. PHOTO/File

As American and European companies retrench from their efforts to bankroll projects across Africa, a group of investors is quickly emerging to pick up the slack—other Africans.

Even as overall western foreign investment into Africa has contracted, a cohort of homegrown companies has mounted an unprecedented expansion drive.

(More: Dangote invests $20 million in Liberia)

Investment between African countries has almost doubled in the past

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