Indonesia Bakrie Group to invest $1bln in Nigeria resources

Indonesian conglomerate the Bakrie Group said on Tuesday it has set up a joint venture vehicle to invest $1 billion over five years into the resources sector in Nigeria. The venture with British Nigerian entrepreneur Ladi Delano, forming Bakrie Delano Africa, plans to invest $1 billion in mining, gas and agriculture, the Bakrie Group said in a statement.
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Added December 06, 2011
from Businessday Nigeria