•Cement Factories, Oil Ventures on the Horizon
Angola's President João Lourenço and Aliko Dangote, President and CEO of Dangote Industries Limited, recently held a high-level investment meeting in Luanda.
The discussions centered on Dangote Group's potential involvement in establishing cement production facilities and exploring oil block acquisitions in Angola.
The meeting, considered a strategic step to deepen economic ties between Angola and one of Africa’s largest industrial conglomerates, reflects Angola's ongoing push to diversify its economy and attract foreign investment.
President Lourenço expressed his administration’s commitment to fostering an investor-friendly climate, highlighting the nation’s abundant natural resources and improving regulatory frameworks.
“We welcome Dangote Group’s interest in Angola and look forward to leveraging their industrial expertise to boost key sectors of our economy,” Lourenço stated.
Aliko Dangote, widely regarded as Africa's most prominent entrepreneur, emphasized his company's dedication to contributing to sustainable development across the continent.
“Our interest in Angola is not only driven by the nation's potential but also by its leadership's vision for economic transformation.
“We are ready to invest in infrastructure and energy to help build an industrial base that benefits both Angola and the region,” Dangote remarked.
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