Nigerian Billionaire, Aliko Dangote To Invest More In Zambia

Posted by: lukwago J in Business February 2, 2017

Africa’s richest man, Aliko Dangote, plans to invest in the energy and agricultural sectors of Zambia.

Check also: Aliko Dangote Begins To Construct A $1 Billion Cement Plant In Nigeria

According to Nigeria’s Punch newspaper, the billionaire made this known on Sunday when he paid a courtesy call to Zambian President, Edgar Lungu, in Lusaka.

While urging the Zambian government to roll out policies that would encourage foreign investments in the country, the billionaire noted that energy is a critical requirement for economic development and called on President Lungu to expand Zambia’s energy supply footprint both for local consumption, and export to regional markets.

“I am here not only to explore investment opportunities and consolidate our existing business relations, but also to congratulate you for your victory in the last general elections. I wish you many years of success as you guide your nation to greater heights and prosperity,” Dangote told President Lungu.

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Dangote currently has a cement factory in Zambia, which employs hundreds of people.

Aliko Dangote is worth $12.4 billion according to FORBES’ latest ranking of Africa’s Billionaires.

Source: Forbes

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