Dangote Steel Production GameChanger for Africa's Economy! Aliko Dangote, the richest man in Africa, isn't just wealthy he's a master of spotting opportunities and turning them into business empires. Now, his sights are set on the steel industry.
Aliko Dangote, founder of the Dangote Group and Africa's richest man, has announced ambitious plans to launch a steel production company. Speaking at the Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau, he highlighted this significant development.
Aliko Dangote champions selfreliance and domestic investment as key drivers of Africa's economic development. He asserts that greatness cannot be brought to the continent by foreigners; it must come from within. According to Dangote, domestic investment is crucial because it sets the foundation for attracting foreign investment.
"We want to make sure every single steel that we use will come from Nigeria. What I keep telling people is that, look, we as Africans, please, don’t be deceived, no foreigner can come and make your continent great. It must be the domestic investors. Because domestic investment is what actually attracts foreign investment,” he said.
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