Dangote to expand into oil, gas in Cameroon

By Uthman Salami

The African richest man who is also the Group Managing Director and Chief Executive Officer of Dangote Industry Limited (DIL), Alhaji Aliko Dangote, has disclosed plans to expand the group’s investments in energy to Cameroon.

According to him, “We have plans to expand our investment to other sectors beginning with oil and gas,”

Dangote stated this in Yaounde, the capital of Cameroon while meeting with the  country’s President, Paul Biya though he didn’t provide further details about the Group’s energy investment in the region.

The oil and business tycoon who is  founder of the multinational industrial conglomerate Dangote Group, also said that his company will double cement production in Cameroon.

In March 2015, Dangote opened a 1.5 million-ton cement grinding facility in the central African nation in March 2015 which put into an end the 40-year French monopoly in the industry.