Intoxicated by the fact that I have been able to suck from the breasts of Multi-Billionaires like Bishop David Oyedepo, Dangote, Bill Gates, etc, and sequel to the fact that the nation, Nigeria and most parts of Africa, is still struggling in a high level of poverty and penury, I write.
This time, I write, not as a professor, who knows all the workable theories and conventions, but lack the ability to transform them to tangible products. I write, not as a motivational speaker, who inspires others into action, but goes home, sometimes, looking for what to eat, and pretending to be normal. I write, not as some preachers, who teach others what they don’t practice. I write, as a servant sent on a MANDATE to teach the world, UFE (Meaning: UNDERSTANDING FINANCIAL EMPOWERMENT) through the application of the principle of TECHNO-SUPERNATURAL (Meaning: Blending TECHNOLOGY with the SUPERNATURAL). Don’t mind! These two Principles were initiated by God, delivered to the world through me, GABRIEL C. ONYEKAWA (All Rights Reserved!). However, via www.alanaija.com, I shall humiliate IGNORANCE and establish men in the realms of Super-Abundant PROSPERITY, that will make the devil to be intimidated!
This morning, as I was browsing the net, I bumped into this article that prompted the writing of this article. Join me and read it:
Dubai Company Buys N48bn Stake In Dangote Cement
Sovereign fund Investment Corp of Dubai (ICD) has bought a 1.4 percent stake in Dangote Cement, Nigeria’s biggest company by market capitalisation, for $300 million, a Dangote spokesman said on Monday.
Stockbrokers in Lagos told Reuters 243 million shares of Dangote Cement were transferred to ICD, which held stakes in some of the emirate’s top companies, at N200 naira each, a 12 percent premium to Dangote Cement’s price of around N223 naira yesterday.
Commenting on the transaction, chairman of Dangote Cement and Africa’s richest man Aliko Dangote said: “We are pleased to welcome such a prestigious investor – Investment Corporation of Dubai to our growing list of international, blue-chip shareholders. They share our vision of Africa that will grow to become an economic powerhouse in the coming decades as its people rise to become prosperous members of the global economy.”
“Our products may be simple bags of cement but millions of Africans will use them to build a continent that is rich in opportunities for entrepreneurs and investors, like ICD, who support them,” Dangote added.
“ICD is diversifying its portfolio … into the West African market through a minority stake in Dangote Cement. We believe this bodes well for future investments into Nigeria from the Middle East,” AkinbamideleAkintola, an Africa equity sales executive at Renaissance Capital, said.
Dangote Cement is expanding with plans made to roll out cement plants across Africa to reach an annual 62 million tonnes capacity by 2017, up from a projected 42 million tonnes this year.