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
ADEOLA OJO In the theatre of Nigerian politics, state elections are frequently reduced to a…
CYRIACUS IZUEKWE The Federal Government and State Governments have been urged to increase structural and…
The Executive Governor of Zamfara State, Dr. Dauda Lawal, has issued a passionate call to…
MICHAEL AKINOLA An Osun-based firm, Olusegun Okedele Clean Mining Industries Ltd, has raised concerns over…
AFOLABI SAHEED OLAWALE Ranchers Bees FC have officially unveiled midfielder Tijjani Kabiru as their latest…
CYRIACUS IZUEKWE A 42-year-old woman, Comfort Esim, was arraigned before an Ikeja Magistrate Court for…