“We are very bullish about Africa. Yes, there are hard times, but hard times also bring opportunities.”
This is according to Aliko Dangote, the entrepreneur behind Nigerian conglomerate Dangote Group who is believed to be one of Africa’s wealthiest men. Speaking at the Africa CEO Forum in Abidjan, Côte d’Ivoire, yesterday, he said his business has not stopped investing on the continent, despite the current economic headwinds many African economies are facing – such as slower growth, currency risks and lower commodity prices.
In fact, Dangote explained his business is investing billions of US dollars in a number of projects, including within the commodities space.
“I think this is the greatest time for somebody – for any company – to actually move in and invest, because things are down almost everywhere and I think we are seeing we are getting massive discounts in terms of our projects.”