Nigerian Business Tycoon, Aliko Dangote, Open Up On Why He Didn’t Invest In kenya

Nigerian tycoon Aliko Dangote put off plans to invest in Kenya owing to ‘selfish interests’ by some of the country’s top decision makers.
These revelations were brought to light by celebrated media personality Jeff Koinange who recently had a private conversation with the billionaire businessman after attending his daughter’s wedding in Nigeria last month.

Dangote said he was shocked to learn that “Kenya was more corrupt than Nigeria.”

“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 narrated on his morning show on a local FM station.

Dangote was part of a high-powered delegation of 50 wealthy Nigerian businessmen who accompanied the then President Goodluck Jonathan on a trip to Kenya in 2013.

It was reported that he thereafter had plans to set up a factory cement in Kenya, estimated to be worth Sh100 billion. Nothing has happened since, amid reports that he had a change of heart and relocated the project to Ethiopia and Zambia.

Dangote is ranked as Africa’s richest man with total assest worth Sh1.37 trillion ($13.6 billion).


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