Dangote to Invest Up to $50 Billion in U.S., Europe!

The richest man in Africa and the Chairman of Dangote Group – Aliko Dangote plans to invest up to $50 billion in the U.S. and Europe by 2025.

The 60-year old Nigerian business tycoon said in a Bloomberg interview that he plans to focus on renewable energy and petrochemicals when he moves into these territories in 2020, after completing his $11 billion oil refinery and $5 billion agricultural projects in his home country, Nigeria.

“Beginning in 2020, 60 percent of our future investments will be outside Africa, so we can have a balance,” said Dangote, worth $11.6 billion, according to Bloomberg’s Billionaires Index.

Dangote Group’s major investment will be in the U.S. and Europe, he said. “I think renewables is the way to go forward, and the future. We are looking at petrochemicals but can also invest in other companies.”

Dangote, who has diversified across broad industries in the last five years. Expanded his Dangote Cement Plc, which accounts for about 80 percent of his wealth, into other nine African countries aside Nigeria.

In 2015, the billionaire commenced a 650,000 barrel a day refinery project in Lagos, Nigeria, and presently building the largest sub-sea pipeline infrastructure in the world to handle three billion SCF of gas per day.

Also, Dangote plans to build a 570 MW power plant in his complex and augment natural domestic gas supply.

“Gas from its pipeline will augment the natural domestic gas supply with an additional 12,000MW of power generation added to the grid from its gas system.

Comments

Teen Victim Bites Off Rapist’s Manhood During Forced Sexual Act

A 17-year-old girl has inflicted serious damage on her victim’s penis, ensuring that he will never assault another girl in the same manner. According to reports, the victim fought her attacker as she forced him to perform oral sex on his erect manhood. In the process of defending herself, she sunk her teeth into his manhood, leaving him with serious injuries. The unidentified man reportedly took himself to the hospital for medial care, an act that got the doctoprs suspicious about how he got the injury. They immediately alerted the police about their suspicions, as they tried to provide remedy of what could be salvaged of his damaged manhood Police promptly visited the hospital where the attacker was arrested. He has since been charged with rape.

Nigerian Army Intercepts 37 Wives And Children Of Boko Haram Terrorists

The Nigerian army said on Wednesday, that it had intercepted 37 people 37 people , who were suspected to be wives and children of the boko haram terrorists. The army spokesman, Brig.-Gen. Sani Usman, said in a statement that 30 of the escapees, which comprises of eight women and 22 children, were intercepted on Tuesday at Gujba Local Government Area of Yobe. He said; “On preliminary interrogation, the suspects claimed to have escaped from Boko Haram terrorists’ custody at Kafa and Abagajiri villages in Damboa Local Government Area of Borno,’’ The army spokesman added that seven other people were intercepted on Tuesday, at Kamunya, Yobe state. “They claimed that they escaped from Boko Haram terrorists’ hideout at Goropcha village, Damboa Local Government Area of Borno. “Both sets of escapees are currently being screened and profiled,’’ he said.

Real Madrid, Croatia Star Luka Modric Wins 2018 Ballon d'Or

Real Madrid midfielder Luka Modric was awarded the 2018 Ballon d'Or on Monday, becoming the first player not named Lionel Messi or Cristiano Ronaldo to earn the honor since 2007. Modric, 33, beat out Ronaldo and Antoine Griezmann, respectively, for the illustrious prize. Both Ronaldo and Messi had won it five times apiece over a 10-year run, and all three men were named to France Football's 30-player shortlist in October. Messi's fifth-place finish is his worst since 2006 and it comes despite leading Barcelona to La Liga and Copa del Rey titles. The midfielder adds the award to his list of others accolades received this year, including UEFA Best Player, FIFA Best Men's Player and the Golden Ball at the World Cup. Modric helped Real Madrid win its third straight Champions League title earlier this year before taking Croatia to its first World Cup appearance. Croatia's captain scored two goals, had one assist and led the tournament in minutes played...

ELVIS BLOG

Search This Blog