Nigeria, May 15 -- Business mogul and African billionaire Aliko Dangote has said China currently dominates business across Africa because it is more willing than the United States and Europe to provide long-term financing and credit support for major industrial and infrastructure projects.

Mr Dangote made the remarks during an interview with Nicolai Tangen, chief executive officer of the Norwegian Sovereign Wealth Fund, where he gave a blunt assessment of the continent's business relationships with global powers.

Asked who is helping Africa most in business among China, the U.S., and Europe, Mr Dangote replied: "Honestly, Nicolas, you want me to be very open? Totally. Yeah, so it's China."

According to him, China has "really dominated ...