PoweringAfrica’s industries with local manufacturing that reduces imports and increases regional competitiveness.Innovation for Progress. Harnessing technology and forward-thinking solutions to redefine Africa’s future in business and development. Composite image of Nigerian billionaires Aliko Dangote and Femi Otedola, with an industrial refinery backdrop behind Dangote and a luxury London mansion behind Otedola. Dangote rejects London mansions as Otedola buys £53m estate. Sixty-nine-year-old Dangote, who is Africa's richest person — and 65th in the world — with a net worth of nearly $36 billion, according to Bloomberg, has expressed an interest in constructing a large refinery in East Africa. Aliko Dangote met Norges Bank Investment Management CEO Nicolai Tangen in Oslo to explore a partnership across energy, renewables, and agriculture inAfrica. Aliko Dangote's decision to lean toward Mombasa over Tanzania's Tanga port for a $15-17 billion East African refinery is the public crystallization of a regional political rift building for weeks. Now contrast that with Aliko Dangote, Africa's richest man. Dangote recently told the press that he sees little value in buying expensive overseas mansions. He said he prefers to stay in hotels when he travels. Africa’s richest man, Aliko Dangote says Mombasa has a much larger and deeper port. Africa’s richest man, Aliko Dangote, is considering using Mombasa port as the site for his proposed giant new refinery. Entertainment.Beyond the scale advantage of Mombasa Port, Dangote also drew a direct comparison between Tanzania and Kenya, noting that “Kenyans consume more,” describing Kenya as the larger and more attractive market.
