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The invitation comes amid Dangote’s recent decision to halt investment in Nigeria’s steel industry to avoid the accusations of being considered monopolistic.
The President of Gabon, Brice Oligui Nguema, has invited the President of Dangote Group, Aliko Dangote, to invest in cement and fertilizer production in the country. The invitation comes amid Mr Dangote’s recent decision to halt investment in Nigeria’s steel industry to avoid the accusations of being considered monopolistic.
In a statement, the company said the President urged Dangote to explore potential investment opportunities in the country’s cement and fertilizer sectors, specifically urea and phosphate production.
President Nguema expressed enthusiasm about the potential partnership, highlighting Gabon’s commitment to creating a conducive environment for foreign investments while noting that the collaboration with Dangote Industries would bring significant benefits, including job creation, technology transfer, and enhanced industrial capacity.
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Dangote underscored his company’s dedication to fostering economic development across the continent. He emphasized that investing in Gabon’s cement and fertilizer sectors aligns with Dangote Industries’ strategic vision of expanding its footprint and supporting sustainable development across Africa.
