Luanda - The Dangote Business Group, from Nigeria, is preparing to invest in Angola, in the Lobito refinery construction project, Benguela Province, the chairman of the company's Board of Directors, Aliko Dangote, announced on Tuesday in Luanda.
The Nigerian businessman, who works in the oil, cement, sugar, salt, fertilizers, food processing, telecommunications and steel sectors, was speaking to the press after an audience granted to him by the Head of State, João Lourenço.
Aliko Dangote revealed that, with the Angolan statesman, he addressed specific issues, linked to oil, gas, agriculture, sugar production and cement.
As an investor in Angola, the Nigerian businessman did not detail the financial amount to be invested according to the Group's areas of interest.
He said that for them what is important is the type of investment that will be made, which will result in the well-being of the population, adding that he believes that due to the transformations observed in Angola under the leadership of the Angolan President, it is important to help achieve this objective.
The Dangote Business Group is one of the largest business conglomerates in Africa, with operations in at least 17 countries on the continent. It was founded over 30 years ago and began as a commodity trading company and has evolved into a diversified organization.
The cement division, named Dangote Cement, is the largest cement producer in Africa, with factories in countries such as Nigeria, Zambia and Cameroon, and a production capacity that largely meets the needs of the regional market.
In the energy sector, the group recently opened the Dangote Refinery, which os one of the largest refineries in the world, with capacity to process 650,000 barrels of oil per day, in addition to a fertilizer factory with annual production of 3 million tons.
In addition to his commitment in the industrial and economic sector, Aliko Dangote is recognized for his philanthropic role.
In turn, speaking to the press, the Angolan minister of Industry and Commerce, Rui Miguêns, who was present at the audience, highlighted the experience of the Dangote Group for its willingness to help boost the economy and the Angolan market.
“Angola is open to all investors, with special interest in investors from the African continent, who have the potential of the Dangote Group”, he highlighted.
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