Search
Monday 23 April 2018
  • :
  • :

Why Dangote put off plans to expand to Kenya

Antics of local officials responsible for 8-year delay

By John Eche

 

Fresh facts are beginning to emerge as to why Africa’s richest man, Aliko Dangote has reportedly shelved plans to expand into one of Africa’s third largest economies, Kenya until 2021.

According to former CNN journalist, Jeff Koinange, the billionaire industrialist has hinted that he made the adjustment on account of bottlenecks put on his way by local officials.

Koinange who was recounting a conversation he had with the business mogul in the course of his recent visit to attend the wedding of his daughter in Nigeria reported Dangote’s response to his enquiry over when he would be returning to set up shop in Kenya:

‘Jeff, there are people in that place (Kenya) who put greed and personal interest ahead of national interest. I didn’t think Kenya would be more corrupt that Nigeria.’

The Dangote Group’s flagship subsidiary, Dangote Cement is Africa’s leading cement producer with basic presence in 16 African countries. Cumulatively, it also accounts for the basic livelihoods of about 17,000 members of staff.

 

Aliko Dangote, Chairman/CEO, Dangote Group

Comments

comments




Leave a Reply

Your email address will not be published. Required fields are marked *