Malawi: Africa’s Richest Man Aliko Dangote Sets Business Sight On Malawi

Africa’s riches man, Aliko Dangote who is worth an estimated $15.7billion , is expected in Malawi as a prelude to prospective investment in the country.

According to Malawi’s Minister of Industry and Trade, Joseph Mwanamvekha, while in the country, the Nigerian businessman will hold private talks with President Peter Mutharika during which investment prospects will be discussed.

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

He will also participate in the first ever Malawi Investment Forum scheduled for 29 to 30th June in the capital Lilongwe.

Dangote owns a group of companies operating in Nigeria, South Africa, Ethiopia, Ghana, Senegal, Cameroon, Togo, Zambia and Benin.

He is also bidding to buy Arsenal Football Club in England.The 58-year-old is the 67th richest person in the worth according to Forbes.He started his business at 21. After graduating, Dangote returned to Nigeria to start his own business. He received a loan from his uncle and launched the Dangote Group.He initially traded in rice and vegetable oil, but soon diversified into materials to be used for infrastructure projects, plus sugar and other products. 

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.

Leave a Reply