https://en.sputniknews.africa/20240725/africas-richest-man-dangote-invited-to-invest-in-gabons-cement--fertilizer-industry-1067628042.html
Africa's Richest Man Dangote Invited to Invest in Gabon's Cement & Fertilizer Industry
Africa's Richest Man Dangote Invited to Invest in Gabon's Cement & Fertilizer Industry
Sputnik Africa
The invitation of Aliko Dangote, founder of the Dangote Group, by the Gabonese leadership comes after the Nigerian businessman recently decided to halt steel... 25.07.2024, Sputnik Africa
2024-07-25T15:16+0200
2024-07-25T15:16+0200
2024-07-25T15:33+0200
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Gabon's President, Brice Oligui Nguema, has invited Aliko Dangote, founder of the Dangote Group, to invest in cement and fertilizer production in the country.The Gabonese government sees Dangote's potential investment as a major boost to its economy. President Nguema has expressed enthusiasm about the partnership, highlighting Gabon's commitment to creating a favorable environment for foreign investment.The government believes that the collaboration will generate significant benefits, including job creation, technology transfer, and enhanced industrial capacity.Dangote, on his part, has expressed his company's commitment to promoting economic development across Africa.The Nigerian businessman believes that investing in Gabon aligns with his company's strategic vision of expanding its footprint and contributing to sustainable development across the continent.The potential investment is expected to strengthen economic ties between Nigeria and Gabon. It is expected to bolster Gabon's industrial landscape, ensuring a steady supply of essential materials for construction and agriculture, ultimately contributing to President Nguema's vision of a diversified and self-sustaining economy.
https://en.sputniknews.africa/20240720/nigerian-regulatory-agency-head-accuses-dangote-of-threatening-with-monopoly-over-diesel-import-ban-1067575746.html
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Africa's Richest Man Dangote Invited to Invest in Gabon's Cement & Fertilizer Industry
15:16 25.07.2024 (Updated: 15:33 25.07.2024) Muhammad Nooh Osman
Writer/Editor
The invitation of Aliko Dangote, founder of the Dangote Group, by the Gabonese leadership comes after the Nigerian businessman recently decided to halt steel investments in Nigeria to avoid potential accusations of creating a monopoly. Dangote Group is the largest producer of cement and construction materials in Nigeria.
Gabon's President, Brice Oligui Nguema, has invited Aliko
Dangote, founder of the Dangote Group, to invest in cement and fertilizer production in the country.
The Gabonese government sees Dangote's potential investment as a major boost to its economy. President Nguema has expressed enthusiasm about the partnership, highlighting Gabon's commitment to creating a favorable environment for foreign investment.
The government believes that the collaboration will generate significant benefits, including job creation,
technology transfer, and enhanced industrial capacity.
Dangote, on his part, has expressed his company's commitment to promoting economic 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. By leveraging our expertise in cement and fertilizer production, we aim to support Gabon’s infrastructure and agricultural sectors," Dangote said.
The Nigerian businessman believes that investing in Gabon aligns with his company's strategic vision of expanding its footprint and contributing to sustainable development across the continent.
The potential investment is expected to strengthen economic ties between Nigeria and Gabon. It is expected to bolster Gabon's industrial landscape, ensuring a steady supply of essential materials for construction and agriculture, ultimately contributing to President Nguema's vision of a diversified and self-sustaining economy.
