Hedge Funds & Alternative Investments
Sovereign wealth
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Dubai sovereign wealth fund sees investment in Dangote as its gateway into Africa
The Investment Corporation of Dubai (ICD), the emirate’s public investment arm, is using Nigerian cement tycoon Aliko Dangote as “a gateway to Africa”. A few weeks ago the ICD agreed to acquire a minority stake in Dangote Cement for US$300m. Dangote Cement is one of Africa’s largest cement producers with…
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