Renowned business tycoon and President of the Dangote Group of Companies, Aliko Dangote, has extended his business astuteness to Angola where he intends to embark on various investments.
Africa’s richest man, who arrived in Luanda recently for a brief visit to officially open his company’s subsidiary in Angola, expressed the desire to commence his industrialisation of Angola in the oil sector.
The Nigerian Embassy in Angola confirmed Dangote’s fresh step towards enlarging his corporate assets and wealth.
The businessman and his executives were said to formalise their participation in the construction of the Lobito Refinery in Angola.
Aside from his projected framework of investments in the Lobito Corridor, Dangote also eyes the direct acquisition and operation of oil blocks in Angola’s onshore and offshore areas, as well as the acquisition or management of cement factories.
Dangote was reportedly received by Angolan President João Lourenço.
It was gathered that the business mogul will hold working meetings with ministerial entities, Sonangol, the National Oil, Gas, and Biofuels Agency (ANPG), and heads of public institutions.
The Nigerian billionaire’s first step is to open a subsidiary of Dangote Industries in Angola to consolidate his investment intentions in various sectors.
In a recent meeting with Ambassador José Bamóquina Zau to finalize the Luanda agenda, Aliko Dangote made known his enthusiasm and commitment to industrialising the Central African country.
Dangote commended President João Lourenço, canvassing the need for Africa to unite more for better dealings.
The billionaire acknowledged that Angola has changed significantly, saying the transformation and good news from the country have been spurring him to invest in the country.
Recall that the 67-year-old personality who hails from Northern Nigeria, is the first individual to build a private refinery in Nigeria.
He is Africa’s richest man and ranks 211th globally, with a net worth estimated at $27 billion (Bloomberg Billionaires Index).
Dangote has many industries in Nigeria and has employed thousands of citizens in his numerous establishments.
