Africa’s richest man and President of Dangote Industries, Aliko Dangote, recently visited Angola to formalize his company’s participation in the development of the Lobito Refinery.
According to a statement by the Angolan Embassy in Nigeria, this initiative is part of broader investments aimed at strengthening economic activities in Angola’s Lobito Corridor.
Dangote’s investment interests include contributing to the construction of the Lobito Refinery, direct involvement in onshore and offshore oil operations, and the management or acquisition of cement production facilities in Angola.
During his visit, Dangote held discussions with Angolan President João Lourenço, key ministerial officials, and representatives from Sonangol, the National Oil, Gas, and Biofuels Agency (ANPG).
Subsidiary Launch: A subsidiary of Dangote Industries is set to open in Angola to serve as the foundation for these investments, marking a significant milestone in Dangote’s expansion in Southern Africa.
In discussions with Angolan Ambassador José Bamóquina Zau, Dangote expressed optimism about Angola’s economic transformation. He noted the favorable business environment and the importance of fostering intra-African collaboration. “Africa must become increasingly united with its people,” he remarked, highlighting the potential of the continent’s shared prosperity.
This initiative aligns with Dangote Industries’ strategy of diversifying its operations and strengthening its footprint across Africa, particularly in sectors like energy, manufacturing, and construction.
