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Will Africa's Richest Man 'Make America Great Again'?
Will Africa's Richest Man 'Make America Great Again'?

Will Africa's Richest Man 'Make America Great Again'?

Alhaji Aliko Dangote, the 60-year-old Nigerian cement tycoon, has his eye on new investment prospects and is tempted by U.S. opportunities in renewable energy and petrochemicals.

“Let’s say that by 2025, I’m looking at (investing) between $20 billion and $50 billion outside Africa. Mind you, we don’t do small things,” said Dangote, who is worth $11.1 billion, according to Bloomberg’s Billionaires Index.

Dangote Group will consider investments in Asia and Mexico, but will focus mainly on the U.S. and Europe, he said. “I think renewables is the way to go forward, and the future. We are looking at petrochemicals but can also invest in other companies.”

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November/December 2017