Flour Mills of Nigeria plans to invest $1 billion over the next 3-5 years to fund growth and expand into West Africa, its vice chairman told Reuters on Friday. John Coumantaros said revenue for the manufacturer of products like pasta, flour, vegetable oil, livestock feed and also cement grew 11-15 […]
Tag: Investment
BRIC or MINT? Investors suffer acronym anxiety
Which investment takes your fancy: BRIC, MINT or CIVETS? For many fund managers seeking the next big thing in emerging markets, the answer is none. Acronym investment – putting money into small groupings of markets which often have little in common beyond a broad economic concept – is giving way […]
Dangote Plans $16bn Investment in Africa
Dangote Group, the Nigerian company controlled by Africa’s richest man Aliko Dangote, plans to invest about $16 billion in cement, petrochemicals and agriculture over the next four years to boost expansion. According to the President of the group, the investment will help the Lagos-based company grow by almost a third […]
