Thursday, December 12, 2013

Dangote still on track to investing $16 billion in Nigeria and Africa in the next 4 years

Aliko Dangote, Founder, President and CEO of the Dangote Group. PHOTO/Mike Hutchings/Reuters

The Dangote Group, the Nigerian company founded and run by Aliko Dangote, plans to invest about US$16 billion in cement, petrochemicals and agriculture over the next 4 years to boost expansion.

“We are investing US$4.7 billion to finish our projects in cement in about 18 countries, including Nigeria,” Dangote said in an interview. “We are also spending about US$2.3 billion on

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