RE: Africa’s Richest Man to Invest Up to $50 Billion in U.S., Europe

Business

Africa's Richest Man to Invest Up to $50 Billion in U.S., Europe

Francine Lacqua, Paul Wallace 19 hours ago
Africa's richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals. The 60-year-old Nigerian cement tycoon aims to move into these territories for the first time in 2020 after completing almost $5 billion of agricultural projects and an $11 billion oil refinery in his home country, he said in an interview with Bloomberg Markets Magazine this month. "Beginning in 2020, 60 percent of our future investments will be outside Africa, so we can have a balance," said Dangote, who's worth $11.1 billion, according to Bloomberg's Billionaires Index. Dangote Group will consider investments in Asia and ...
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Sports

Dangote insists he will buy Arsenal, sack Arsene Wenger

community.vanguardngr.com 7 hours ago
  By Eric Patrick, President of the Dangote Group, Alhaji Aliko Dangote, has said he would sack Arsene Wenger if he succeeds in acquiring Arsenal Football Club. Dangote, who made the assertion while featuring on an interview with Bloomberg, said his desire to own the club dates back to the mid-1980s. The richest man in Africa noted that he would consider making an offer once the construction of his $11 billion oil refinery in Lagos is completed. An American billionaire, Stan Kroenke, is Arsenal's biggest shareholder, controlling 67 percent of the company. But, Dangote expressed optimism of persuading Kroenke and Usmanov to sell their shares to him. He said,"The first thing I would change is the ...
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Francine Lacqua, Paul Wallace

Africa's Richest Man Will Fire Wenger If He Buys Arsenal

Francine Lacqua, Paul Wallace 17 hours ago
Nigerian billionaire  Aliko Dangote's first order of business if he succeeds in buying English Premier League soccer club Arsenal will be to fire the manager, Arsene Wenger. Dangote, Africa's richest man with a net worth of $11.1 billion, has coveted the team since becoming a supporter in the mid-1980s, he said in an interview. He'll consider making an offer once the construction of an $11 billion oil refinery in Nigeria's commercial capital, Lagos, is completed toward the end of the decade. "The first thing I would change is the coach," Dangote said. "He has done a good job, but someone else should also try his luck." Wenger is Europe's longest-serving manager. Since his appointment to the London-based ...
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Unknown ● Thursday, August 17, 2017

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