Aliko Dangote, Africa’s richest person, said he plans to diversify his group’s investments in Cameroon, starting with energy.
“We have plans to expand our investment to other sectors beginning with oil and gas,” Dangote told reporters Wednesday after meeting Cameroonian President Paul Biya in the capital, Yaounde.
He didn’t provide further details.
The Nigerian billionaire, founder of the multinational industrial conglomerate Dangote Group, also announced his company will double cement production in Cameroon.
Dangote opened a 1.5 million-ton cement grinding facility in the central African nation in March 2015 that ended a 40-year French monopoly in the industry.
Culled Bloomberg
BY AISHA ABUBAKAR After 25 years of creating and producing experiences across music, entertainment, events…
BY HANU FEJIRO OGBADJE Startup stories usually celebrate the beginnings. The ideas. The fundraising announcements.…
𝗙𝗿𝗼𝗺 𝗙𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗙𝘂𝗹𝗹 𝗙𝗜𝗙𝗣𝗥𝗢 𝗠𝗲𝗺𝗯𝗲𝗿𝘀𝗵𝗶𝗽 — 𝗛𝗼𝘄 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗙𝗼𝗼𝘁𝗯𝗮𝗹𝗹𝗲𝗿𝘀 𝗕𝘂𝗶𝗹𝘁 𝗟𝗲𝗴𝗶𝘁𝗶𝗺𝗮𝗰𝘆 𝗦𝘁𝗲𝗽 𝗯𝘆 𝗦𝘁𝗲𝗽…
A Senior Advocate of Nigeria (SAN), Abiodun Olatunji, has cautioned the Federal Government against recent…
Nollywood stars and fans will gather in Lagos this Sunday to honor famous actor Norbert…
EBERE UZOUKWA, PhD Governor Alex Chioma Otti, OFR, did not inherit an Abia that merely…