Reuters logo
Nigeria's Dangote Group plans $450 million sugar cane project
August 23, 2017 / 11:18 PM / a month ago

Nigeria's Dangote Group plans $450 million sugar cane project

LAGOS (Reuters) - Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $450 million in a sugar cane project in its home country Nigeria, the company said on Wednesday.

It signed a memorandum of understanding with the Niger state government to produce raw sugar cane on 16,000 hectares of land, the group said in a statement.

Dangote already operates a sugar refinery and a sugar cane plantation in Adamawa state.

Reporting by Ulf Laessing and Emma Farge

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below