Dangote Reveals Expansion Plans

-
Aliko Dangote, yesterday, unveiled its business expansion plan with intention to launch several new cement and sugar plants as well as mines across the continent. Dangote said that the company’s plan to invest offshore Nigeria is meant to accelerate business development in Africa.
Africa’s richest man said that African economies are facing challenges and this was the time to move in to build African empire business. Dangote said a slump in commodity prices, lower demands from China and investor flight from risky emerging markets have hit African economies and state budgets hard, raising borrowing costs and the prospect of instability.

Comments

Post a Comment

Popular posts from this blog

Palace keeps mum as Ooni’s deputy, Obalufe dies at 83..

-
By Edward Jaleyemi O SOGBO —The Ooni of Ife’s  second-in-command and the leader of Ile-Ife traditional kingmakers, the Obalufe (Orunto)  of Iremo quarters, Oba Solomon Omisakin is dead, aged 85. His death may have compounded the  uncertainty surrounding the selection process of the new Ooni of Ife which has resulted in litigations. However informed sources told  Vanguard  yesterday that; ‘’He had concluded the process of selection of the new Ooni before he died.’’ Oba Omisakin’s death is coming barely three months after the death of Oba Okunade Sijuwade in a London hospital. The Obalufe is also the prime minister of Ife and oversees affairs in the town in the absence of an Ooni. Vanguard  gathered that Oba Omisakin’s death occurred at about 10 am yesterday   at Obafemi Awolowo University Teaching Hospital OAUTH, Ile Ife. Though the circumstance surrounding the death of the 85-year-old Obalufe was still sketchy at the time of fi...
Continue Reading...

DSS commissions 385 officers, to tackle insecurity..

-
Image
By Edward Jaleyemi DEPARTMENT of State Services (DSS) weekend, in Lagos, commissioned 385 cadet officers in a bid to combat the rising security challenges in the country. The 385 officers were the lucky ones that successfully went through 10 months of rigorous professional, academic and physical training and were certified fit to serve the nation in their capacity as members of DSS, out of the 459 cadet officers that started the training late last year. The officers were commissioned amidst promises by the DSS to COLLABORATE  more with other sister security agencies in its fight against insecurity and to ensure that recruitment into the Service was merit-based in keeping with its extant guidelines. Speaking at the passing out parade at the State Service Academy (SSA), Lagos State, the Director General, SS, Mr. Lawal Daura, said gone were the days when misfits or non-eligible candidates found their way into the Service. “The aim is to ensure that only the right calibers...
Continue Reading...