{"id":632547,"date":"2026-10-16T15:56:12","date_gmt":"2026-10-16T15:56:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/632547\/"},"modified":"2026-10-16T15:56:12","modified_gmt":"2026-10-16T15:56:12","slug":"africas-richest-man-expresses-confidence-in-reaching-his-100-billion-goal-as-he-promises-that-egypt-will-be-a-part-of-his-50-billion-expansion-plan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/632547\/","title":{"rendered":"Africa\u2019s richest man expresses confidence in reaching his $100 billion goal, as he promises that Egypt will be a part of his $50 billion expansion plan"},"content":{"rendered":"<p>&#13;<br \/>\n        He disclosed these plans during a meeting organized by the Egyptian Exchange (EGX), noting that the investment keys into his ultimate goal of bolstering Africa\u2019s industrial capacity and reducing the continent\u2019s dependence on imports.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        \u201cOur group has a vision: the vision is to invest between now and 2030 about $50 billion, and I\u2019m sure Egypt will be part of that investment,\u201d he said.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        He also revealed that the 2030 plan will lead to 200% revenue generation, as he trusts that the Dangote Group will be able to rake in $100 billion.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        \u201cOur vision 2030 is to be a minimum $100 billion revenue company, and I think we will beat the target,\u201d Dangote assured.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        As for Egypt, he noted that it is one of the few African countries with a linear alkylbenzene plant.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        To this effect, <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/africas-richest-man-aliko-dangote-reveals-how-much-you-must-have-before-he\/6wk9fjp\" id=\"331a37e0-1e20-4f46-a5fb-2446d9fefb93\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">Dangote disclosed his intentions<\/a> to set up what he described as the world\u2019s largest linear alkylbenzene plant, with the capacity to produce 400,000 metric tons a year, in the North African country.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        \u201cSo we have what we call linear alkylbenzene, which is what is used in making detergents; we only have two of these plants: one is in Egypt, 50,000 tons, and the other is in Algeria, 100,000 tonnes per annum,\u201d he stated.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        \u201cWe also want to make history here; we want to build the largest plant ever\u2026 400,000 tonnes per annum,\u201d he added, as seen on <a href=\"https:\/\/en.amwalalghad.com\/nigerias-dangote-says-egypt-to-be-part-of-planned-50-bln-investment\/\" id=\"7e27fbe6-36b2-4de6-a298-acbc79ebe114\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">Amwal Alghad<\/a>.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Dangote further said his expansion plan across Africa includes investments in energy, petrochemicals, construction materials, and agriculture.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        Additionally, Dangote\u2019s plans include a 530-kilometre subsea gas pipeline and power projects capable of <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/dangote-discloses-plan-to-pull-600-million-africans-out-of-darkness-with-a-plan-worth\/9fqzj05\" id=\"661145a8-0791-454b-9b6d-94a53c23081b\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">generating up to 10,000 megawatts<\/a> of electricity to support industries across Africa.&#13;\n    <\/p>\n<p>&#13;<br \/>\n        In cement, Dangote Group wants to raise its annual production capacity to 100 million metric tons by 2030, a move that would further cement its position as Africa\u2019s biggest producer.&#13;\n    <\/p>\n","protected":false},"excerpt":{"rendered":"&#13; He disclosed these plans during a meeting organized by the Egyptian Exchange (EGX), noting that the investment&hellip;\n","protected":false},"author":2,"featured_media":632548,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-632547","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/632547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=632547"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/632547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/632548"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=632547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=632547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=632547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}