Africa Economy Nigeria Zimbabwe

Africa’s Richest Man Arrives In Zimbabwe

By Staff Reporter

Aliko

AFRICA’s richest man, Aliko Dangote, arrived in Harare on Monday where he is expected to seal several deals that would revive the country ailing economy on his two-day visit.
Simon Khaya Moyo, Minister for Investment Promotion, said Dangote would be in Zimbabwe to seek business opportunities.
“Yes he is coming on Monday (today) and he will have a series of meetings as he seeks to scout for business opportunities in the country. He is targeting various sectors among them the manufacturing sector among others,” he said.
Moyo said the US$15 billion net worth business tycoon will hold a crucial meeting with vice President Emerson Mnangagwa among other ministers.
Dangote has interests in cement manufacturing through his Dangote Cement brand which is predominant in Zambia, his native Nigeria, Cameron and Asia.
Dangote is looking at investing in some troubled but potentially viable State institutions and also wants to establish a plant in the country for cement production.
Recently, he was in Cameron where he opened a cement processing plant worth over US$200 million. He was also in Zambia.

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The Nigerian billionaire in June declared an interest in buying Arsenal Football Club.
The 58-year-old business mogul says he believes that buying a Premier League team would help to raise the profile of his home country. Dangote had been criticised by some people in Nigeria for not investing in the domestic league there, but he thinks that the Gunners represent a better project.

“The issue is that if I buy all the Nigerian clubs, the Nigerian flags will continue to remain here,”

Dangote told Forbes.
Dangote, the first Nigeria’s billionaire was born on April 10, 1957. He is the founder of Dangote Group. He is considered one of the richest men in Africa.
He said “I assume I have to be rated by Forbes magazine prior to being called the richest man in Africa. But, you know, I’m very comfortable.”
Dangote is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa; he peaked on the list as the 23rd richest person in the world in 2014.

He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over US$2,6 billion to become the world’s richest person of African descent

-Financial Gazette

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