Promising Future Ahead

Thanks to bloomberg.com I found this article that tells of a promising future for not only the thriving country of Nigeria, but all of Africa. The article tells of Dangote Inc. which is the most thriving business in Africa owned and managed by Africa's richest man, Aliko Dangote. Dangote plans to invest 16 billion dollars into gas, agriculture, and cement in multiple African countries. The essentials of them will transition Africa into a booming economy. In Africa, gas runs all means of electricity, so establishing plants to produce the gas will provide the area with better power for the future businesses that are planned to come with the investments of Dangote Inc. Agriculture is being invested by Dangote for "reverse integration". They plan on both producing and selling rice and sugar which will open up the opportunities for businesses. And lastly, cement is being invested in because the business places are meant to have cement so Africa will modernize and transition to a better economical continent. Dangote inc.'s shares have risen 56% altogether making it worth 21.5 billion dollars.
This is a great influential step to establish a better working economy in Africa. These investments will help open up businesses that have job opportunities awaiting for African people looking for work. This interested me because this was the sort of boom factor Africa had when they traded salt blocks and ivory to neighboring countries. This is a huge step forward for Africa and Nigeria alone since it is the country the corporation originates. This also ties into my previous blog about the opening of fast food places such as Johnny Rockets, Burger King, KFC, and Hardees because it proves that these businesses could be provided with the essential cementing and gas for their business. Sugar and rice would also be cheaper to buy locally instead of importing them across the world to be delivered at high costs. This ultimately gives Africa a stepping stone to a bright future.