Nigeria's Dangote Group plans $450 million sugar cane project
| Updated Aug 24, 2017 at 11:07am
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.