President William Ruto promised to change the business environment for both local and international investors.The richest man in Africa shelved his plans to build cement firms in Kenya due to corruption
Aliko Dangote be planning to expand his cement business to Kenya? This question can well be answered by the recent turn of events in the country.
Our immediate agenda is to create a favourable business and enterprise environment..." the president said in his inauguration speech on tuesday.
Dangote who looked into joining the Kenyan market said: “Kenya’s market is very important to us and we will start immediately we get our licenses, which are about to be ready.”
Kenya had the intent of fast-tracking licensing for Dangote Cement Company in the country, with the aim of creating employment opportunities for Kenyans.
Since then despite receiving a total dividend from publicly traded businesses of 725.2 million this year a significant increase over 639.5 million that he received last year his net worth has gone on a downward trend .
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