Browsing: Business

Briefing shareholders at the 11th Annual General Meeting (AGM) held in Lagos last week, Dangote told the shareholders that the year 2019 was a strong year given the tough business environment across most of its operating geographies. He disclosed that the Group recorded volumes of 23.7 million metric tonnes and revenues of ₦891.7 billion.

“Importantly, AU should reaffirm the objective of the Bank, which is to finance Africa’s development. The American ridicule and disparage of the Bank is unacceptably brazen and provocative. According to the World Bank President, David Malpass, who is an American nominee of Trump administration, AfDB “lends too quickly”, thus aggravating the countries’ debt problems, the allegation the Bank had dismissed as “Untrue and unfounded,”.