The president and CEO of Dangote Industries Limited (DIL), Aliko Dangote, has extended an invitation to President Brice Oligui Nguema of Gabon to invest in the country’s cement and fertiliser manufacturing.
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The President asked Dangote to look into possible investment opportunities in the nation’s urea and phosphate production as well as the cement and fertiliser sectors. Aliko Dangote, president and chief executive officer of Dangote Industries Limited, is in Gabon at the president’s request to look into business potential in cement and fertiliser (phosphate and urea).Dangote conversed with President Nguema and other high-ranking government officials during the visit.
During the discussions, the main topic was how Dangote Industries might help Gabon’s economy grow by setting up cement and fertiliser factories, which are essential for the nation’s infrastructural development and agricultural output. In addition to expressing excitement about the possible collaboration, President Nguema emphasised Gabon’s dedication to fostering an atmosphere that welcomes foreign investment.
He mentioned that the partnership with Dangote Industries would have a number of important advantages, such as increased industrial capacity, technological transfer, and the creation of jobs. Famous for his prosperous commercial endeavours throughout Africa, Dangote emphasised the commitment of his organisation to supporting the continent’s economic growth. He underlined that Dangote Industries’ strategic goal of growing its footprint and promoting sustainable development throughout Africa is in line with investments made in Gabon’s cement and fertiliser industries.
We are thrilled to have the chance to make investments in Gabon. Our objective is to support the nation’s efforts to industrialise and diversify its economy. We want to help Gabon’s agricultural and infrastructure industries by utilising our experience in producing fertiliser and cement,” Dangote said. The visit represents a major step in the direction of deepening Gabon-Nigeria business relations.
Both countries expect mutual benefits as Dangote Industries pursues and completes investment possibilities, which would propel economic growth and regional integration.
It is anticipated that Dangote Industries’ possible investment in Gabon will strengthen the nation’s industrial landscape and provide a consistent supply of vital commodities for agriculture and construction. This progress is in line with President Nguema’s plan to make Gabon’s economy self-sufficient and diverse.
To complete the investment plans, more talks and evaluations will take place in the upcoming months. The potential for a strong cooperation that would have a substantial impact on Gabon’s economic environment is evident in the engagement between Dangote Industries and the Gabonese government.
