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Africa's richest man to invest up to US$50b in US and EU

Published Thu, Aug 17, 2017 · 09:50 PM

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    London

    AFRICA'S richest man, Aliko Dangote, plans to invest US$20 billion to US$50 billion in the US 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 US$5 billion of agricultural projects and an US$11 billion oil refine ry in his home country, he said in an interview with Bloomberg Markets Magazine this month.

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