Dubai Investment Fund buys a 1.4% stake in Dangote Cement

Last year, Dangote Industries sold a 1.5 percent of its 95 percent stake South Africa’s Public Investment Corporation for US$289.3 million.

Middle East companies are expanding in Africa. Last week, Qatar National Bank (QNB) bought a 12.5 percent stake in pan-African lender Ecobank for about US$200 million.

Source: Reuters

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