When Aliko Dangote, Africa’s richest person, decided to construct a refinery in southern Nigeria on a plot of swampland almost half the size of Manhattan, he turned to a man who’s helped him transform a small trading company into an industrial empire spanning the continent. For 30 years, Devakumar Edwin has navigated some of the world’s most difficult business environments to build Dangote’s textile factories, flour mills, food plants and cement firms.
Before building the sprawling complex, Edwin had to construct roads, a port and two power plants, more than doubling costs from the initial $8 billion estimate and delaying its completion by six years. He spent two years and $300 million pumping 65 million cubic meters of sand onto the project site to raise its altitude by 1.5 meters, shoring up the investment against a potential future rise in sea levels caused by global warming.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa’s richest man is betting $21bn on oil and fertilizerDangote prepares to open one of the world’s biggest crude refineries
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Source: TechCentral - 🏆 8. / 71 Read more »
Wealth among Africa’s richest set to soar in Rwanda, Uganda and MauritiusThe total private wealth held on the African continent, estimated at about R32.8-trillion, is expected to rise by 38% over the next 10 years.
Source: TimesLIVE - 🏆 28. / 59 Read more »