Billionaire mogul, Dangote To Expand Into Oil, Gas in Cameroon

Posted on June 25, 2021

Aliko Dangote, Africa’s richest person, said he plans to diversify his group’s investments in Cameroon, starting with energy.

“We have plans to expand our investment to other sectors beginning with oil and gas,” Dangote told reporters Wednesday after meeting Cameroonian President Paul Biya in the capital, Yaounde.

He didn’t provide further details.

The Nigerian billionaire, founder of the multinational industrial conglomerate Dangote Group, also announced his company will double cement production in Cameroon.

Dangote opened a 1.5 million-ton cement grinding facility in the central African nation in March 2015 that ended a 40-year French monopoly in the industry.

Culled Bloomberg

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

The Orashi National Congress, ONC, has pledged its commitment to collaborate with Pipeline Infrastructure... Continue
Jumia, Africa’s leading e-commerce platform, today announced the appointment of Temidayo Ojo as the... Continue
MICHAEL AKINOLA    A 42-year old man, Busari Sherif, has landed in trouble in... Continue
High Chief Habeeb Olalekan Okunola MON, OFR, the Akosin of Yoruba Land, has expressed... Continue
NJOKU MACDONALD OBINNA        On a vibrant morning beneath the expansive canopy... Continue
KINGSLEY EBERE    A 50-year old man, Oloyede Adebanjo, has landed in trouble in... Continue
In a moment filled with joy and gratitude, Purp, winner of Nigerian Idol Season... Continue
CHRISTIAN ABURIME We live in a country where political figures and privileged occupants of... Continue
MICHAEL AKINOLA    A Police Officer attached to Makinde Division had a nasty experience... Continue
SODIQ ADEYEMI BUGATTI  In a town where many dreamed but few dared, Moyo stood... Continue

UBA


Access Bank

Twitter

Sponsored