{"id":27144,"date":"2018-10-09T00:01:35","date_gmt":"2018-10-08T23:01:35","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=27144"},"modified":"2018-10-09T00:06:46","modified_gmt":"2018-10-08T23:06:46","slug":"regional-market-benin-buys-cement-from-china-were-35km-away-dangote","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/regional-market-benin-buys-cement-from-china-were-35km-away-dangote\/","title":{"rendered":"Regional Market: Benin Buys Cement From China, We’re Just 35km Away—Dangote"},"content":{"rendered":"

Tayo Olanipekun with Agency Reports<\/p>\n

Chairman of Dangote Group, Aliko Dangote, has called for conscious efforts that will deepen African regional market by African investors and governments for rapid growth and development of the continent\u2019s economy.<\/p>\n

Speaking in London on Monday during \u201cOne to One Conversation\u201d at the on-going 5th annual Financial Times African Summit, Dangote said the key to Africa\u2019s economic growth and strength is in the development of the regional market, saying \u201cRegional markets in Africa must work.”<\/p>\n

Citing an instance of his own experience, the Africa’s richest man referred to the case of neighbouring Benin Republic where the country continues to import cement from China while his Nigerian factory is only 35 miles away from the border.<\/p>\n

\u201cWe need to trade with ourselves\u201d, Dangote stated as he spoke glowingly about the prospect of African economy, the free trade agreement and the availability of huge raw materials to attract investors. <\/p>\n

Asked about when the much touted listing of Dangote cement on the London Stock Exchange, he told his audience comprising of investors, business magnates, captains of Industry and African Heads of Government which included President Akufo-Addo of Ghana and Ali Bongo of Gabon, that the listing might happened in 2019.<\/p>

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Dangote said Africans must patronize African markets which is why the free trade agreements by African nations is the direction to go to strengthen African markets.<\/p>\n

According to him, all hands are on deck to complete the process of listing, the development which he said is being looked towards for by the business community.<\/p>\n

Prompted by the Editor of the Newspaper, Lionel Barber to speak about difficult markets like Tanzania and Ethiopia, Dangote dismissed the issue difficulty and re-affirmed “our aim is to always provide jobs and worth. As an African investor I don’t want any investor anywhere in Africa to have a bad experience.”<\/p>\n

Dangote repeated his central mantra for African growth urging the reduction of exports of raw materials to other continent but create greater wealth within African economies.<\/p>\n

Said he: “We need to continue to transform the structure of African economies”. He alluded to his company\u2019s entry into the Ghana Sugar market, pointing that he is further expanding his sugar business to Ghana for the main reason of helping to revitalize its economy. “We are going to help Ghana grow its own sugar for the first time.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Tayo Olanipekun with Agency Reports Chairman of Dangote Group, Aliko Dangote, has called for conscious efforts that will deepen African regional market by African investors and governments for rapid growth and development of the continent\u2019s economy. Speaking in London on Monday during \u201cOne to One Conversation\u201d at the on-going 5th annual Financial Times African Summit, …<\/p>\n","protected":false},"author":9,"featured_media":27145,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[1843,4702,671,4701,4700],"coauthors":[2387],"class_list":["post-27144","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-africa","tag-african-summit","tag-dangote","tag-financial-times","tag-lionel-barber"],"yoast_head":"\nRegional Market: Benin Buys Cement From China, We're Just 35km Away-Dangote - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/regional-market-benin-buys-cement-from-china-were-35km-away-dangote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regional Market: Benin Buys Cement From China, We're Just 35km Away-Dangote - National Wire\" \/>\n<meta property=\"og:description\" content=\"Tayo Olanipekun with Agency Reports Chairman of Dangote Group, Aliko Dangote, has called for conscious efforts that will deepen African regional market by African investors and governments for rapid growth and development of the continent\u2019s economy. 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