Dangote Unveils $50bn African Expansion, 25% Stake In Kenya Pipeline, 700,000bpd Refinery

…Warns Africa against Africa exporting jobs, importing poverty
President and chief executive of Dangote Industries Limited, Aliko Dangote, has warned that Africa’s continued dependence on imports is costing the continent its jobs and future, urging governments to protect local industries as a pathway to industrialisation.
“Allowing imports to displace local production means we are exporting our jobs out of the continent and importing poverty into the continent,” Dangote said.
He spoke during a wide-ranging interview with Financial Times Africa Editor, David Pilling, at the FT Africa Summit in London, where he unveiled a $50 billion investment plan for 2026 to 2030 and an aggressive ...