Dangote to attend Malawi trade meet

Post was last updated: June 9, 2015

Africa’s richest person Aliko Dangote, is one of the top prospective investors expected to attend the first ever Malawi Investment Forum to take place from June 29 to 30 in Lilongwe.

The Nigerian billionaire businessman owns Dangote Group of companies, with interests in cement, sugar, salt, food processing and freight.

Speaking on Sunday ahead of a third tripartite summit of the Comesa-EAC-Sadc Heads of State and government in Egypt, to be held from June 7 to 10, 2015, Minister of Industry and Trade, Joseph Mwanamvekha, disclosed that Dangote, Africa’s richest person, is one of the top investors who has confirmed his participation at the Malawi forum.

He said Comesa Secretary General Sindiso Ngwenya has also confirmed his attendance.

Mwanamvekha said the attendance of Dangote is a motivation to both the government and the private sector.

“We want as the government and the private sector to learn some lessons from Dangote. Dangote is a successful entrepreneur and maybe some of our business operators can be inspired by what he does,” he said.

He said while in the country, Dangote will also hold private talks with President Peter Mutharika.

Dangote, whose estimated net worth as of May, 2015 stood at US$18.4 billion, last week opened a US$500 million cement plant in Ethiopia.

Ranked 67th richest person in the world, Dangote is a major supplier to the country’s soft drink companies, breweries, and confectioners in addition to his interests in cement, sugar and logistics.

The company operates in Nigeria and other African countries, including Benin, Cameroon, Ghana, South Africa, Togo and Zambia.

The Malawi Investment Forum 2015 is expected to bring together investors in sectors such as tourism, energy, manufacturing, infrastructure, agriculture and services to share a information on various investment opportunities available in Malawi.

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