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Nairametrics
Home Business News

Dangote announces plans to invest in Cameroonian oil and gas, expand cement production

William Ukpe by William Ukpe
June 24, 2021
in Business News
Aliko Dangote rallies private sector operators against COVID-19, 10 fantastic things Aliko Dangote has done in the last 10 years

Alhaji Aliko Dangote

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Billionaire businessman, Aliko Dangote has announced plans to expand his group’s operations in Cameroon, starting with the nation’s oil and gas sector.

Bloomberg reports that Dangote made the disclosure on Wednesday after a meeting with Cameroon’s President, Paul Biya in the capital, Yaounde.

He also said that Dangote Group will increase cement production from its 1.5 million-ton cement grinding facility in Cameroon.

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“We have plans to expand our investment to other sectors beginning with oil and gas,” Africa’s wealthiest man said.

READ: 10 fantastic things Aliko Dangote has done in the last 10 years

In case you missed it

Recall Nairametrics reported earlier this week that Dangote Group has concluded plans to begin the export of its first shipment of fertilizer from its $2.5 billion new fertilizer plant at the Lekki Free Zone in Lagos, to the US and Brazil.

 

 


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Tags: Aliko DangotePaul Biya
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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Comments 5

  1. Tsotsoo says:
    June 24, 2021 at 2:57 pm

    Thank you so much for expanding Dankote business to Cameroon. God will continue to bless you. Please remember to support our roads in Ghana especially Tema motorway to Tetteh Quarshie round about. We thank you for supporting West Africa.

    Reply
  2. Peter kum says:
    June 24, 2021 at 8:30 pm

    Thanks for expanding your business in Cameroon. We greatly appreciate all you are doing for us in Cameroon. I will wish to plead with you to review the price of cement. It will go along way to help those citizens that are barely managing to make a leaving to think of putting up a structure too.

    Reply
    • Anonymous says:
      June 24, 2021 at 10:51 pm

      I agree with you

      Reply

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