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Aliko Dangote seeks $400m investment in Kenya's mining sector

Aliko Dangote, Africa’s richest man at JKIA on September 5, 2013. Photo/William Oeri
Aliko Dangote, Africa’s richest man at JKIA on September 5, 2013. Photo/William Oeri 

Nigerian dollar billionaire Aliko Dangote and the Dangote Group have announced a $400 million investment in Kenya in the mining sector.

As Africa's richest person who also has the largest manufacturing conglomerate in West Africa, Dangote says he is ready to invest in Kenya in the mining sector and contribute towards the country's growth.

Dangote whose company's licence was issued during the transition period was among the first to announce cooperation with the taskforce that was appointed by Cabinet Secretary Najib Balala to review all licenses that were issued during the transition period.

Balala has welcomed Dangote's move to invest in the mining sector ad for their cooperation with the taskforce saying the ministry of mining was ready to engage with the company once again, and build the mining industry in Kenya.
Balala has also welcomed other investors with similar intentions saying the industry has full support of the government.
He asked other companies whose licences were suspended to appear before the Mohamed Nyaoga-led taskforce which recently got a nod from the High Court to proceed with the review of the licences.

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