Rita Odafe
In an effort to foster foreign investments, President Brice Oligui Nguema of Gabon has extended an invitation to Aliko Dangote, the President and Chief Executive of Dangote Industries Limited, to discuss potential investment prospects in Gabon.
The meeting between the two took place recently in Libreville.
During the meeting, President Nguema highlighted the investment opportunities in cement and fertiliser production, specifically mentioning urea and phosphate.
President Nguema expressed optimism about the potential collaboration, underscoring Gabon’s commitment to creating a favorable environment for foreign investors. He emphasized the benefits of the partnership with Dangote Industries, such as job creation, technology transfer, and boosting industrial capacity.
Dangote Cement Plc, a leading cement producer in Africa, operates in ten countries with significant production capacity and substantial revenues. Dangote Fertiliser Limited also runs Africa’s largest Granulated Urea Fertiliser complex. Additionally, Dangote has launched Africa’s largest oil refinery with impressive processing capabilities.
Despite facing scrutiny from Nigerian authorities regarding a refinery project, Dangote remains dedicated to driving economic growth in Africa.
Expressing his commitment to expanding operations and supporting sustainable development in Africa, Dangote sees investing in Gabon’s cement and fertiliser sectors as aligned with Dangote Industries’ strategic goals.
Dangote consistently advocates for leveraging Africa’s resources and capabilities for the continent’s prosperity.
“We are enthusiastic about investing in Gabon to contribute to economic diversification and industrialisation. Through our expertise in cement and fertiliser production, we aim to enhance Gabon’s infrastructure and agricultural sectors,” Dangote remarked.
As a developing nation with significant oil revenues, Gabon is striving to diversify its economy to ensure sustainability and growth.
With Gabon producing substantial crude oil daily, Dangote Industries’ potential investment is poised to enhance the country’s industrial landscape and support crucial sectors like construction and agriculture.
This strategic move aligns with President Nguema’s vision of transforming Gabon into a resilient and diversified economy.
