DANGOTE TO PUMP $4.6B INTO AGRIC SECTOR
Aliko Dangote, Africa:”s Richest man to invest $3.8B in sugar production and $800M into Diary production. This would not only give Nigeria food sustainability but also help the currency gain foreign exchange. He made this announcement in Lagos Yesterday.The news should affect the market positively and investors are advised to take positions to gain from such project of the future. The conglomerate has also announced that they have established a Lagos based company called Dangote Rice Ltd. The sources of the fund hey said would be from internal resources or equity.
Sources:
Bloomberg.
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