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Aliko Dangote Africa’s Richest Man Eyes Malawi As Investment Destination

Aliko Dangote, Africa’s richest man, is looking to invest in Malawi. Aliko Dangote is a Nigerian billionaire businessman, who owns the Dangote Group, which has interests in commodities. The company operates in Nigeria and other African countries, including Benin, Cameroon, Ghana, South Africa, Togo and Zambia. As of January 2015, he had an estimated net worth of US$18.6 billion.

 

 

Dangote is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa. He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world’s richest person of African descent

Malawi’s Minister of Industry and Trade, Joseph Mwanamvekha, told Journalists in Lilongwe on Wednesday that the Nigerian billionaire who has investments in cement, sugar and flour, will be visiting Lilongwe towards the end of June to hold private talks with President Peter Mutharika to discuss avenues for a potential investment.

Dangote will also attend the first ever Malawi Investment Forum scheduled for the 29th to 30th June in Lilongwe.

“His visit to Malawi will inspire both private and public sector on how he has succeeded in his businesses,” Mwanamvekha said.

 

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