Africa's richest man, Aliko Dangote has revealed in a new interview that he once withdrew $10 million from a bank just so he could remind himself how far he had come.
Africa's wealthiest man, Nigeria's Aliko Dangote once withdrew $10 million dollars in cash from his account to look at it, a rather odd way of reminding himself on how far he had come.
In a recent meeting with business minds in the Ivorian capital, Abidjan on April 6, 2019, Dangote told the forum how he once took $10 million in cash out of the bank just to look at it and get it into his head that it was real money and not just figures on paper.
Dangote told interviewer Mo Ibrahim: "When you're young your first million is important, but after, the numbers don't mean much.
"One day, I cashed 10 million, put them in the boot of my car I put it in my room. I looked at them and thought 'now I believe I have money' and took it back to the bank the next day."
NDTV. reported that anecdotes aside, Dangote said that the two most promising sectors for Africa's future were agriculture and new technologies.
But he advised young African entrepreneurs not to get carried away by the first flush of success, advising the youth not to spend money per their projected income.
Dangote also added that he regretted the customs and administrative problems that hamper business development throughout the continent.
As an example he cited the difficulties his cement company faces in exporting to Benin from Nigerian factories, 40 kilometres (25 miles) from the border. Benin imported "more expensive" cement from China instead.
The business forum in Abidjan was organised on under the auspices of the Mo Ibrahim Foundation. Mo Ibrahim is also a Sudanese billionaire with British citizenship.
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