President Brice Oligui Nguema of Gabon has invited Aliko Dangote, Chairman of Dangote Industries Limited, to explore investment opportunities in Gabon’s cement and fertiliser production.
This invitation comes on the heels of Dangote’s decision to pause investments in Nigeria’s steel industry. According to a statement from the Dangote Group’s media office, the potential investments in Gabon would focus on cement production and fertiliser manufacturing, specifically urea and phosphate production.
“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,” the Dangote Group stated.
During his visit, Aliko Dangote held productive talks with President Brice Oligui Nguema and other high-ranking government officials, exploring ways to drive Gabon’s economic growth through strategic investments.
The discussions focused on the potential establishment of cement and fertiliser plants by Dangote Industries, which would be instrumental in boosting the country’s infrastructure development and agricultural productivity.
President Nguema welcomed the prospect of partnering with Dangote Industries, underscoring Gabon’s dedication to creating a favourable environment for foreign investments.
He highlighted the significant benefits of collaboration, including job creation, technology transfer, and enhanced industrial capacity, which would have a positive impact on the nation’s economy.
Aliko Dangote reaffirmed his company’s commitment to fostering economic development across Africa, emphasising the importance of investing in key sectors that drive growth and improve lives.
By exploring opportunities in Gabon, Dangote Industries aims to contribute meaningfully to the country’s economic transformation.
He stated that investing in Gabon’s cement and fertiliser sectors aligns with Dangote Industries’ strategic vision of expanding its presence and supporting sustainable development in Africa.
Dangote said, “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 fertiliser production, we aim to support Gabon’s infrastructure and agricultural sectors.”
The Dangote Group noted that this visit represents a significant step toward strengthening economic ties between Nigeria and Gabon.
As Dangote Industries continues to explore and finalise investment opportunities, both nations look forward to mutual benefits that will advance economic progress and regional integration.
“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.
“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 conducted to finalise 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 statement reads.