Nigerian business magnate and Africa’s richest man, Aliko Dangote has advised anyone looking for a good investment country in Africa, to consider Ghana.
According to Mr Dangote, although there is a level of lack of understanding towards African investment in the developed world, coupled with the wrong stereotypes about Africa, countries like Ghana, Nigeria, Cote D’Ivoire and Kenya are good places to invest.
The billionaire whose net worth is estimated at around US$10 billion in an interview with Bloomberg TV’s David Rubenstein said “Ghana is a very good place to invest.”
“There’s quite a lot in terms of inviting foreigners to come and invest in Africa. Countries that I can suggest for you to invest, of course, one of them is Nigeria, Ghana is a very good place to invest, Cote D’Ivoire, Kenya,” he said.
Dangote owns a Cement factory which produces 45.6 million metric tons annually and has operations in 10 countries across Africa, including Ghana.
When asked by the host if there is a decline in the attractiveness of African investment, the 62-year-old said “Lack of understanding of why to even invest. Even myself as an African, I cannot invest in every single thing so I have to be very ‘choosy’ in where I invest and there’s a lot of wrong perception. People read stories from newspapers and they believe what they are reading but I think.”
Aliko Dangote was ranked by American business magazine Forbes as the 23rd-richest person in the world in 2014. This year, Bloomberg has ranked the billionaire as the 95th wealthiest man in the world.