See name of African country looking to convince Dangote to come and invest

• Amid the ongoing disagreements with NNPC and NMDPRA, Aliko Dangote continues to be the crown jewel of Africa
• Dangote has received a special invitation from the President of Gabon, Brice Nguema, to bring in his investments
• The country is trying to woo Dangote to set up plants that will focus on cement and fertiliser production

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

President Brice Nguema of Gabon has invited Aliko Dangote, President and CEO of Dangote Industries Limited, to invest in his country.

Aliko Dangote and president of Gabon Photo credit: @DangoteGroup
Source: Twitter

President Nguema encouraged Dangote to explore potential opportunities in Gabon’s cement and fertiliser sectors.

He specifically wants Dangote to focus on urea and phosphate production.

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Dangote gets invite from Gabon on investment

Nguema made this call to Dangote during his visit to Gabon, where he engaged with top government officials.

The meeting was aimed at exploring how Dangote Industries could contribute to Gabon’s economic growth by establishing plants for those crucial industries.

During the meeting, Nguema showed strong enthusiasm for the potential partnership, emphasising Gabon’s dedication to fostering a favourable environment for foreign investments.

He highlighted that working with Dangote Industries would yield substantial benefits, such as job creation, technology transfer, and increased industrial capacity.

Dangote gives a reply to Gabon's president

In his reaction, Dangote said the call from Gabon's president aligns with Dangote Industries’ strategic vision of expanding its footprint and supporting sustainable development across Africa.

His words:

“We’re excited about investing in Gabon. We want to help the country diversify its economy and grow its industries. With our experience in cement and fertiliser production, we plan to support Gabon’s infrastructure and agriculture.”

Punch reports that there are going to be further discussions and assessments will be conducted to finalise the investment plans.

Presidency speaks on Dangote refinery saga

Legit.ng earlier reported that the presidency also reacted to Dangote's recent outburst about his refinery.

President Bola Tinubu's spokesperson, Bayo Onanuga, assured that the refinery would not fail while reacting to a video where Dangote recounted how he bought the land for the refinery.

Onanuga's comment followed a recent call by Dangote to the national assembly to probe the allegation of substandard fuel in the country.

Source: Legit.ng