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Africa’s wealthiest man Aliko Dangote has announced he will be acquiring a Kenyan company.
Speaking during an interview with Bloomberg, the tycoon refused to reveal the identity of the company but notes that the firm operates in Kenya and Tanzania.
This development come months after he said he had cancelled plans of investing his money in Kenya, claiming that authorities demanded for kickbacks for them to allow him set up a multi-billion shilling factory in Kenya. He revealed this to Citizen TV journalist Jeff Koinange during his daughter's wedding ceremony held in Nigeria in March this year.
“I asked him, ‘Al Hajj when are you coming back to Kenya?’ and he said 'Jeff, there are people in that place (Kenya) who put greed and personal interest ahead of national interest. I didn’t think Kenya would be more corrupt that Nigeria,” Koinange said.
The Nigerian, who is estimated to be worth $14.1billion ( Sh1.4 trillion), had expressed plans of setting up a Sh1 billion cement factory in Kenya.
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Athi river mining would be in for a hood time. It has been low for some time. Its the firm that has a plant in Tanzania that never picked very well
Pradeep Pauranah's Company, hope not. I think ARM just need some management shake up, ever since they let mzungu in there in mgt , thing started going south.
"there are people in that place (Kenya) who put greed and personal interest ahead of national interest"- corruption is killing us.
If the Naija is so concerned about national interest of kenya, he should name these selfish people,and detail their corrupt ways. That will help alot since we can send them to jail where their crooked ways can be severely curtailed.Na maendeleo iendelee
@Maxiley, like we have ever sent anyone of substance to jail. But naming names would be for the greater good whether they end up in jail or not. Besides, What would they do anyway to this billionaire who can afford any kind of security?
@Mugikuyu.Iam an optimist. I thought that it's a new day in kenya and like the president said,the as will fall on all corrupt individuals, no matter how high and mighty they may be in the society.That what iam going by...that the real wolf will come this time...
Why are we letting this fucking Nigerians take over Kenya? Maybe he has been allowed to buy post office or JKIA, who knows?. Any entry of Nigerian entity in Kenya means more drugs and other contrabands been sneaked in the country in the name of bringing business equipment's. Kenya has become like a prostitute that takes money from any clients who can offer it. It is spreading it's legs to anybody
You forgot to add the Chinese our new colonialist! Uhuru couldn't pursue the corrupt thieves in Kenya, so, instead, he decided to mask the problem by over-borrowing the high interest loans from the Chinese. We have no chance to invest in Kenya coz we can't compete with the economic power of the Chinese companies. It's impossible to get the piece of the pie, Kenyans are being robbed every second.
You are so right, the STDS HAVE BECOME BRAIN CELLS!!!
Why not? All the jambazis and drug barons invest abroad or keep their loot offshore. Drugs n such are already in Kenya. Better an African investor than the dog eating racists
Woooiiii this is one of the corrupt idiot in ningeria.Woii don't let him in kenya otherwise u will blame yourselves why u sold them companies to him??Nobody can compete with this dude in nigeria,coz if u try he will bring u down juu he is connected to the big pple from the president gavanas in that country.Last year i hear he tried big time to penetrate kenyan market mining industry but he couldn't juu our laws r tighter n he wasn't able to bribe himself thru'.So let's see how it goes this time.
What is wrong about Kenyans, kukumanga! Shenzi type!
He will mess our youths he might import one filty Container and mess around our youth for life go away sir
ARM holding perhaps. They are not doing so well and could use a strategic investor.