Dangote hunts for investment opportunities in Malawi

Posted by News Express | 13 June 2015 | 3,144 times

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Africa’s richest man, Aliko Dangote, has set his sights on the southern Africa country of Malawi in his bid to further spread his business tentacles across the continent. The Nigerian serial entrepreneur is expected in Malawi towards the end of this month as a prelude to prospective investment in the country, Malawi’s Minister of Industry and Trade, Joseph Mwanamvekha, disclosed.

The Malawian newspaper Nyasa Times on Wednesday quoted Mwanamvekha as saying that while in the country Dangote will hold private talks with President Peter Mutharika, during which investment prospects in the landlocked impoverished country would be discussed.

“His visit to Malawi will inspire both private and public sector on how he has succeeded in his businesses,” Mwanamvekha said of Dangote, who is billed to attend the First Malawi Investment Forum holding June 29 and 30 in Lilongwe.

Dangote has massive investments in cement, sugar and flour, and his group, which is headquartered in his native Nigeria, is active in several other African countries.

•Photo shows Aliko Dangote.

Source: News Express

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