Gabonese President General Brice Oligui Nguema has reached out to Africa’s wealthiest man, Aliko Dangote to explore business prospects in the country.
According to Dangote Industries Limited, the industrialist was offered investment opportunities in Cement and Fertiliser (Urea and Phosphate).
The invitation from Gabon, an oil-rich nation, comes amid the rift between Dangote, oil marketers and top government functionaries.
Parts of the statement read: “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 President urged Dangote to explore potential investment opportunities in the country’s cement and fertiliser sectors, specifically urea and phosphate production.
“The talks focused on how Dangote Industries could contribute to Gabon’s economic growth by establishing cement and fertiliser plants, which are vital for the country’s infrastructure development and agricultural productivity.
“President Nguema 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.”
In January, Dangote Cement became the first company to reach a market capitalisation of N10 trillion on the Nigerian Exchange.