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Comments - Who Will Industrialise Africa?

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Certainly not Aliko Dangote

Cullinan, Frasch, Blaustein and others didn't leave Standard Oil to be generous. They left because they and the firm had built something worth leveraging, and a competitive market outside was willing to reward the leverage. For Dangote, the question isn't just "where is the diaspora", it's what would have created the pressure to build something worth diffusing in the first place. It's worth noting what Dangote has clearly figured out: reading the political landscape accurately, building protection that proved durable, scaling at a pace most firms don't manage. Those are real capabilities.…

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