Dangote names Ghana as one of the best investment destinations in Africa

Africa’s richest man, Aliko Dangote has named Ghana as one of the countries on the continent where investments produce good results.

In an interview with David Rubenstein on Bloomberg TV, the Dangote Group Founder said Ghana has a suitable investment environment.

“There are terms involved in inviting foreign investors. But countries that I can suggest people invest are Nigeria, Ghana is a very good place to invest, Côte d’Ivoire, Kenya is also a very good place,” he listed.

The business mogul also stated that people mostly lose their investments due to a lack of understanding of the African market.

He said, “The thing is where you invest. Myself as an African, I cannot invest in every single sector. So I have to be very selective about where I invest.”

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He also hinted his desire to buy the English Premiership club, Arsenal in 2021.

Aliko Dangote who has been ranked 136th richest person in the world by Forbes said his concentration is on completing his $20 worth of projects under construction, after which he will make an offer for the club.

“I am not buying Arsenal right now; I am buying Arsenal when I finish all these projects because I am trying to take the company to the next level.”