Investments yield the right returns in Ghana — Dangote asserts
- Aliko Dangote has indicated that it is advisable to make investments in Ghana
- According to him, those investments, would yield the right returns
- He revealed Accra, which is the capital of Ghana is one of the top investment destinations in the sub-region
Africa’s richest man, business magnate and entrepreneur, Aliko Dangote has indicated that it is advisable to make investments in Ghana since those investments yield the right returns.
Dangote who was speaking in an interview on Bloomberg TV identified Ghana together with three other countries including his home country Nigeria — where he is establishing a multi-billion-dollar petroleum refinery, as having the right investment climate.
He revealed Accra, which is the capital of Ghana is one of the top investment destinations in the sub-region.
READ ALSO: Africa's richest man: Dangote ends 2019 $4.3m richer
“Ghana is a very good place to invest,” touting the credentials of Accra as one of the top investment destinations in the sub-region.
In Ghana, his top investment includes the Dangote Cement factory line which has been in operation since 2011, importing and bagging bulk cement at its terminal in Tema and selling into the domestic market.
Being asked to highlight the opportunities for investors seeking first-time time opportunities on the African continent, apart from Ghana, he cited his home country as well as Kenya and Cote d’Ivoire as countries that have the most favorable investment climate in sub-Saharan Africa.
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In other news, Aliko Dangote, became $4.3 billion richer in 2019.
The 62-year-old businessman ended the decade with a net worth of almost $15 billion, making him the 95th wealthiest man in the world.
According to the Bloomberg Billionaires Index, his fortune continued to grow on the back of investments in cement, flour and sugar.
Born into a wealthy Muslim family of traders in the north, Dangote incorporated his own business selling cement at 21.
He shifted to manufacturing building materials in the 1990s, helped by government policies that encouraged ways to reduce the need for imports.
The year 2020 could be a significant one for the billionaire, who is close to completing one of the world’s largest oil refineries in Nigeria.
READ ALSO: Standard of living in Accra is expensive; Kumasi the cheapest in Ghana — GSS
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Source: YEN.com.gh
