03.10.2014 - ICD mulls key investment in Nigerian cement firm
Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it is exploring further investment opportunities with Nigeria’s largest cement manufacturer Dangote after purchasing a minority stake in the African group last month. Dangote Cement, which is listed on the Nigeria Stock Exchange, forms part of the Dangote Group, a diversified conglomerate of African businesses. "We have been looking at Africa for a long time. We are looking to do more business with Dangote and we have some ventures that we are exploring at the moment together," Mohammed Al Shaibani told an Africa-focussed investment event in Dubai on Wednesday...............................................Full Article: Source
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