Dangote Nixes Steel Project Amidst Monopoly Allegations in Nigerian Market

Dangote Nixes Steel Project Amidst Monopoly Allegations in Nigerian Market

Felix Harbour
22 Jul 2024

Aliko Dangote, Africa's wealthiest individual, has scrapped his plans for a new steel plant in Nigeria due to governmental accusations of monopolistic tactics connected to his refinery operations. Despite government claims of seeking a market monopoly, Dangote refutes these allegations, insisting his business aims for fair competition.

President Ruto Seeks Strategic Trade Partnerships with South Korea to Boost Kenyan Economy

President Ruto Seeks Strategic Trade Partnerships with South Korea to Boost Kenyan Economy

Felix Harbour
4 Jun 2024

Kenya's President William Ruto is actively pursuing trade agreements with South Korea, aiming to enhance collaboration in sectors like technology, healthcare, and agriculture. These discussions come in the wake of a South Korean delegation's visit to Kenya, aiming for mutual growth and stronger economic ties.