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News Wire / economy

Aliko Dangote Plans $40 Billion African Investment

Bloomberg Radio Lagos 11d11d Impact 5
Aliko Dangote has been identified as Africa's richest person and an industrialist comparable to John D. Rockefeller. His oil refinery located in Lagos is the largest processing facility on the continent. The report notes his industrial influence is similar to that of Ambani.

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Aliko Dangote Lagos oil refinery

Developing

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Sources · 7 independent

Bloomberg Radio

“Alaji Alikodangoti is Africa's richest person, and many see him as an industrialist in the mold of Ambani. his oil refinery in Lagos is the continent's largest processing”

Bloomberg Radio

“I was speaking to Eliko Dengote at that Africa We Build Summit. investor. So a domestic investor must take the risk and start developing your own continent, not for you to wait for foreign investors.”

Bloomberg Radio

“He plans to invest 40 billion dollars across several African countries and he sees this IPO as a way of doing that.”

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