Dangote Takes $50bn African Industrialisation Drive To East Africa

Africa’s richest industrialist, Aliko Dangote, has expanded his continental industrialisation push into East Africa, as Africa must mobilise its own capital, build at scale and take ownership of the industries driving its transformation.
Dangote, who disclosed plans to invest an additional $50 billion across Africa after committing more than $25 billion to existing businesses, said the next phase of the Group’s expansion would combine massive industrial investment with a deliberate opening of its businesses to African ownership through the capital markets.
The declaration came in Nairobi on the eve of the groundbreaking of the Dangote East Africa Petroleum Refinery & Petrochemicals, s...