Gabon President invites Dangote for investment in cement, fertiliser

President Brice Oligui Nguema of Gabon has invited the President of Dangote Industries Limited (DIL), Aliko Dangote, to invest in cement and fertiliser production in the country.

This was disclosed via a statement issued by Dangote Group on Tuesday, July 23, 2024.

According to the statement, Nguema urged Dangote to explore potential investment opportunities in the country’s cement and fertiliser sectors, specifically urea and phosphate production.

The statement added that Dangote conversed with Nguema and other top government officials during the visit.

The company noted that the talks focused on how Dangote Industries could contribute to Gabon’s economic growth by establishing cement and fertiliser plants, which were described as vital for the country’s infrastructure development and agricultural productivity.

President Nguema further 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.

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On his part, Dangote underscored his company’s dedication to fostering economic development in the continent.

He emphasised that investing in Gabon’s cement and fertiliser sectors aligns with Dangote Industries’ strategic vision of expanding its footprint and supporting sustainable development across Africa.

The businessman said: “We are excited about the opportunity to invest in Gabon. Our goal is to contribute to the country’s economic diversification and industrialisation efforts.

“By leveraging our expertise in cement and fertilizer production, we aim to support Gabon’s infrastructure and agricultural sectors.

“The visit marks 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 will drive economic progress and regional integration.”

The statement added that 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 Star