60% of future investment will be outside of Africa
Nigerian Aliko Dangote, the richest man in Africa, plans to invest $20 billion to $50 billion in Europe and the United States by 2025 in areas such as renewable energy and oil refining.
“I think that renewable energy sources — way forward in the future. We focus on petrochemicals, but may also invest in other companies,” said Dangote.
The businessman also added that starting in 2020, 60% of future investment will be outside of Africa.
As a 60-year-old Dangote, the founder of the Dangote Cement and Dangote Group owning it, is estimated at $11.6 billion According to the Agency, to start investments in these regions, he plans to 2020, when complete the projects in the field of agriculture and refining in their homeland in the amount of almost $5 billion and $11 billion respectively.
At the moment, the Dangote Cement company operates in 9 African countries besides Nigeria.
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