Aliko Dangote, President of Dangote Industries Limited, has urged for greater investment in Africa to drive rapid growth and development. Speaking at the Africa CEO Forum in Kigali, Rwanda, Dangote emphasized Africa’s crucial role in future global progress.
He cautioned against relying too heavily on raw material exports and instead advocated for strategic investments in domestic industries.
Dangote encouraged African nations to develop their manufacturing capabilities and reduce dependence on imported consumer goods. He believes Africa holds immense potential, and investing in the continent is crucial for its greatness. Over the past seven years, Dangote has invested over $25 billion in vital sectors like fertilizers, petrochemicals, and refined products to boost Africa’s self-sufficiency.
The Dangote Refinery, with a capacity of 650,000 barrels per day, is set to meet the growing demand across West, Central, and South Africa. Dangote’s commitment to Africa’s development is evident in his investments, and he encourages others to follow suit. By investing in Africa, we can unlock its boundless possibilities and drive growth and progress.