Aliko Dangote, the chairman of Dangote Industries Limited, has been invited by Gabon’s President Brice Oligui Nguema to invest in cement and fertiliser production in the country.
According to a statement from the Dangote Group’s media office, the billionaire was encouraged to explore investment opportunities in cement and fertiliser, specifically 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,” stated Dangote Group.
“The President urged Dangote to investigate potential investment opportunities in the country’s cement and fertiliser sectors, particularly focused on urea and phosphate production.”
The statement noted that Dangote engaged in discussions with Nguema and other high-ranking government officials during his visit.
“The talks concentrated on how Dangote Industries could contribute to Gabon’s economic growth by establishing cement and fertiliser plants, which are essential for the country’s infrastructure development and agricultural productivity,” the Dangote Group reported.
“President Nguema expressed enthusiasm about the potential partnership, emphasizing Gabon’s commitment to fostering a favorable environment for foreign investments.
“He pointed out that collaboration with Dangote Industries would yield significant benefits, including job creation, technology transfer, and enhanced industrial capacity.”
INVESTING IN GABON ALIGNS WITH DANGOTE INDUSTRIES’ GOALS
In response, Dangote highlighted his company’s dedication to promoting economic development across the continent.
He emphasized that investing in Gabon’s cement and fertiliser sectors aligns with Dangote Industries’ strategic vision of expanding its footprint and supporting sustainable development throughout 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 stated.
“By leveraging our expertise in cement and fertiliser production, we aim to bolster Gabon’s infrastructure and agricultural sectors.”
The Dangote Group noted that the visit represents a significant step towards strengthening economic ties between Nigeria and Gabon.
As Dangote Industries continues to explore and finalize investment opportunities, both nations anticipate mutual benefits that would drive economic progress and regional integration.
“The potential investment by Dangote Industries in Gabon is expected to enhance 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 undertaken 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 follows days after Dangote announced he would halt investment in Nigeria’s steel industry.
On July 21, the businessman stated that Dangote Industries would no longer pursue plans to enter Nigeria’s steel industry to avoid being accused of seeking a monopoly.
Dangote’s announcement came two months after his company indicated intentions to invest in the steel sector and expand the economy.
