Ventures Africa | Dangote Set For Further Investment From Dubai’s Sovereign Wealth Fund

Ventures Africa | Dangote Set For Further Investment From Dubai’s Sovereign Wealth Fund

Aliko Dangote

VENTURES AFRICA – Dangote Group is poised for yet another batch of financial injection from Investment Corporation of Dubai (ICD), which last month acquired a 1.4 percent shareholding in subsidiary, Dangote Cement, for $300 million, it has emerged.

Mohammed al-Shaibani, the CEO of ICD, the Emirate’s sovereign wealth fund, said they found what they were looking for in Dangote after searching for investment opportunities in Africa for a while.

“We are looking to do more business with Mr (Aliko) Dangote and we have some things that we are exploring at the moment together,” Reuters quoted Shaibani as saying.

via Ventures Africa | Dangote Set For Further Investment From Dubai’s Sovereign Wealth Fund.

via Ventures Africa | Dangote Set For Further Investment From Dubai’s Sovereign Wealth Fund.

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