Africa’s richest man, Aliko Dangote, has advised young entrepreneurs in Africa to focus on Information and Communication Technology (ICT) and Agriculture.
According to him, these are the two main sectors that are worth investing in and that the youth must focus their energies and resources on them.
The business magnate who was speaking at the 2019 edition of the Mo Ibrahim Forum described the ICT and Agricultural sectors as the two promising sectors in Africa.
He said ‘’ “The sectors to focus on now are ICT and agriculture. These are the 2 promising sectors.”
He continued that “But you see, a lot of people, even the younger ones, we need to be very careful because one of biggest issues with us as Africans is that we spend our projected incomes.’’
“Once you start doing business [and] it starts doing well, but rather than for you to invest more in the business, you start spending thinking that profit will continue to come’’ he averred.
“There are ups and downs in business so you need to be very focused.”