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World Economic Forum 2014: Overheard in Davos

By Bloomberg Briefs - 2014-01-22T18:19:25Z

Photograph by Chris Ratcliffe/Bloomberg

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Aliko Dangote

Aliko Dangote, Africa’s richest person joined Dennis O’Brien in saying that stocks will rise, interest rates will remain low and that they’d avoid investing in the virtual currency Bitcoin in 2014.

“The bull market will continue, we’ve actually turned the corner,’’ Dangote said. “I believe it’s going to be a whole new ballgame. Things are improving in all sectors: in banking, in vehicle manufacturing, almost all the sectors. And I think we’ve left the bad past behind.’’

In an interview at Davos on Jan. 22, Dangote predicted that his Dangote Group, will rank among the world’s 100 largest companies by 2017.