Business Africa’s Richest Man Dangote Plans $16 Billion Investment - Bloomberg

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Dangote Group, the Nigerian company controlled by Africa’s richest man Aliko Dangote, plans to invest about $16 billion in cement, petrochemicals and agriculture over the next four years to boost expansion.

“We are investing $4.7 billion to finish our projects in cement in about 18 countries, including Nigeria,” Dangote, the company’s president, said in an interview. “We are also spending about $2.3 billion on agriculture, which is sugar and rice.”

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Source: Bloomberg

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