Would you like to receive notifications on latest updates of the following headlines?

Dangote invited to Invest in Gabon Despite Monopoly Accusations

POSTED ON July 25, 2024 •   Business      BY Abiodun Saheed Omodara •   VIEWS 101
Aliko Dangote

Facing allegations of attempting to monopolise the oil industry in Nigeria, President Brice Nguema of Gabon has extended an invitation to Alhaji Aliko Dangote, the President of Dangote Industries Limited, to consider investing in cement and fertiliser production in the country. 

The media office of Dangote Group confirmed that the invitation was aimed at exploring potential investment opportunities in these sectors, particularly in urea and phosphate production. 

During his visit, Dangote engaged in discussions with President Nguema and other government officials, focusing on the potential contributions of Dangote Industries to Gabon's economic growth through the establishment of cement and fertiliser plants. 

President Nguema expressed optimism about the partnership, emphasizing Gabon's dedication to creating a favourable environment for foreign investments and highlighting the potential benefits such as job creation, technology transfer, and industrial capacity enhancement. 

Dangote reiterated his company's commitment to promoting economic development in Africa and emphasised that investing in Gabon's cement and fertiliser sectors aligned with Dangote Industries' strategic vision of expanding its presence and supporting sustainable development across the continent.

RECOMMENDED FOR YOU
CBN sells $543.5m FX to approved banks for market stability
BY Benedicta Bassey October 5, 2024 0

The Central Bank of Nigeria hinted that it sold $543.5m at the rate of N1,540 and N1,580 to authoris...

RECOMMENDED FOR YOU
Nigeria Unveils contactless app to boost passports processing and ease collection
BY Benedicta Bassey October 5, 2024 0

Nigeria has unveiled a contactless passport processing App in Abuja to ease the hassle of physically...

RECOMMENDED FOR YOU
Starlink Global Secures $20.8m loan for cashew processing factory in Lagos
BY Benedicta Bassey October 5, 2024 0

Starlink Global and Ideal Limited has secured a $20.8 million loan from the  African Export-Imp...

RECOMMENDED FOR YOU
Zenith Bank restores service disruptions across online channels
BY Benedicta Bassey October 5, 2024 0

Zenith Bank Plc has on Saturday confirmed that all of its banking channels are now fully operational...

RECOMMENDED FOR YOU
World Bank redirects funds to Lebanon emergency aid
BY Abiodun Saheed Omodara October 4, 2024 0

The World Bank stated on Thursday that it would redirect funds initially allocated for development i...

RECOMMENDED FOR YOU
Gold prices climb on safe-haven demand; US payrolls data in focus
BY Abiodun Saheed Omodara October 4, 2024 0

Gold prices climbed on Friday, supported by safe-haven demand arising from the Middle East conflict,...

RECOMMENDED FOR YOU
China eyes electric vehicle manufacturing in Saudi Arabia
BY Abiodun Saheed Omodara October 4, 2024 0

China’s ambassador to Saudi Arabia, Chang Hua, has expressed Beijing’s hopes to strength...

RECOMMENDED FOR YOU
Food crisis may worsen over FG's neglect, farmers warn
BY Abiodun Saheed Omodara October 4, 2024 0

The All Farmers Association of Nigeria (AFAN) has raised concerns over another possible case of wors...

OUR CHANNELS:

OTHER ARTICLES ::

5th October, 2024
US pledges $157m humanitarian aid to Lebanon, Syria amid crisis
BY Benedicta Bassey October 5, 2024 0

The United States on Saturday said it will provide nearly $157 million humanitarian aid to assist po...


Israel strikes hit Hezbollah Intelligence headquarters in Beirut as tension mount
BY Benedicta Bassey October 5, 2024 0

Fresh Israel airstrike on Saturday hit the intelligence headquarters of Iran-backed Hezbollah in Bei...


Over 70 killed in violence gang attack in Haiti
BY Benedicta Bassey October 5, 2024 0

Over 70 people including children have been killed after an armed gang attacked a small town in Hait...


Flood: Gov Zulum requests N61bn supplementary budget for Repair
BY Benedicta Bassey October 5, 2024 0

Borno State Governor, Babagana Umara Zulum, following the devastating flood that submerged over half...


Explosion hits Rivers APC secretariat as LG poll holds
BY Benedicta Bassey October 5, 2024 0

An explosion suspected to be dynamite shattered the secreteriat of the All Progressive Congress, alo...


Actress Toyin Abraham refutes debt allegation
BY Ebiakuboere England October 5, 2024 0

Nollywood actress and Filmmaker, Toyin Abraham has refuted debt allegations by a fashion designer wh...


CBN sells $543.5m FX to approved banks for market stability
BY Benedicta Bassey October 5, 2024 0

The Central Bank of Nigeria hinted that it sold $543.5m at the rate of N1,540 and N1,580 to authoris...


Tupac's family set to investigate Diddy's connection to singer's death
BY Ebiakuboere England October 5, 2024 0

A New York lawyer, Alex Spiro has announced that the late rapper Tupac Shakur's family has engaged h...


Nigeria Unveils contactless app to boost passports processing and ease collection
BY Benedicta Bassey October 5, 2024 0

Nigeria has unveiled a contactless passport processing App in Abuja to ease the hassle of physically...


FG expresses commitment to improving teacher's welfare
BY Benedicta Bassey October 5, 2024 0

The Minister of Education, Prof. Tahir Mamman, has reiterated federal government’s commitment...


Menu