Aliko Dangote, the chairman of Dangote Industries Limited, has been invited by President Brice Oligui Nguema of Gabon to invest in cement and fertiliser production in the country.
According to a statement by the media office of Dangote
Group, the billionaire was invited to explore investment opportunities in
cement and fertiliser (urea and phosphate).
“President Brice Oligui Nguema of Gabon has invited the
President and Chief Executive Officer of Dangote Industries Limited (DIL),
Aliko Dangote to invest in Cement and Fertiliser production in Gabon,” Dangote
Group said.
“The President urged Dangote to explore potential investment
opportunities in the country’s cement and fertilizer sectors, specifically urea
and phosphate production.”
According to the statement, Dangote conversed with Nguema
and other top government officials during the visit.
“The talks focused on how Dangote Industries could
contribute to Gabon’s economic growth by establishing cement and fertilizer plants,
which are vital for the country’s infrastructure development and agricultural
productivity,” Dangote Group said.
“President Nguema expressed enthusiasm about the potential
partnership, highlighting Gabon’s commitment to creating a conducive
environment for foreign investments.
“He noted that the
collaboration with Dangote Industries would bring significant benefits,
including job creation, technology transfer, and enhanced industrial capacity.”
‘INVESTING IN GABON
ALIGNS WITH DANGOTE INDUSTRIES GOALS’
He emphasised that investing in Gabon’s cement and
fertilizer sectors aligns with Dangote Industries’ strategic vision of
expanding its footprint and supporting sustainable development across Africa.
“We are excited about
the opportunity to invest in Gabon. Our goal is to contribute to the country’s
economic diversification and industrialization efforts,” Dangote said.
“By leveraging our expertise in cement and fertilizer
production, we aim to support Gabon’s infrastructure and agricultural sectors.”
Dangote Group said the visit signifies a significant step
towards deepening economic ties between Nigeria and Gabon.
The company said as Dangote Industries continues to explore
and finalise investment opportunities, both nations anticipate mutual benefits
that would propel economic progress and regional integration.
“The potential
investment by Dangote Industries in Gabon is expected to bolster the country’s
industrial landscape, ensuring a steady supply of essential materials for
construction and agriculture,” the statement reads.
“This development aligns with President Nguema’s vision of
transforming Gabon into a diversified and self-sustaining economy.
“In the coming
months, further discussions and assessments will be conducted to finalize the
investment plans. The collaboration between Dangote Industries and the Gabonese
government holds promise for a robust partnership that will significantly
impact Gabon’s economic landscape.”
The invitation comes days after Dangote announced he will
halt investment in Nigeria’s steel industry.
On July 21, the businessman said Dangote Industries would no
longer continue with plans to enter Nigeria’s steel industry to avoid being
accused of wanting to be a monopoly.
Dangote’s threat comes two months after his company said it
was making plans to invest in the steel industry and expand the economy.
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