Dangote announces plans to invest in Cameroonian oil and gas, expand cement production | SEE DETAILS
Thompson Nsisongabasi
Jun 24, 2021
Billionaire businessman, Aliko Dangote has announced plans to expand his group's operations in Cameroon, starting with the nation's oil and gas sector.
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Bloomberg reports that Dangote made the disclosure on Wednesday after a meeting with Cameroon's President, Paul Biya in the capital, Yaounde.
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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,ÔÇØ Africa's wealthiest man said.
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Recall we 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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— Thompson Nsisongabasi