Sugar businessman is willing to invest in Cuba

Alfonso Fanjul ran away from Cuba when he was young and in doing so he left behind the mansions and large sugar cane fields of his family, which the Communist regime of Castro was confiscating in those days.

Exiled in the U.S. he built an even bigger sugar empire and amassed a great fortune in North America.

Currently, Fanjul, 76, is starting to see Cuba as a place in which  he and other American entrepreneurs could expand their businesses.

The businessman, who lives in Palm Beach, Florida, and whose family owns “Domino Sugar”, mentioned that Cuban government would have to change their economic structure to so foreign companies find it easier and safer to make money.

“Cuba has  to fulfill the requirements for investors, primarily guaranteeing the return of the investment  and their safety, so they feel comfortable with what they do,” Fanjul said.