Recent reports indicate that the President of the Dangote Group, Alhaji Aliko Dangote, alongside former Nigerian President Olusegun Obasanjo, recently visited Burundi’s President, Evariste Ndayishimiye.

Serving as more than just a courtesy call, the visit included high-level conversations with the Burundian President at the presidential palace, during which both parties looked into potential investments.

Dangote described the trip as both diplomatic and economic, emphasizing the scope of its objective.

The Nigerian industrialist mentioned during a briefing that two technical teams, one from the Burundian government and one from the Dangote Group, are going to be established to identify key industries and turn discussions into bankable projects.

The Nigerian billionaire underscored significant potential within the sectors of solid minerals, power generation, agriculture, cement production, and infrastructure development, stressing the objective of establishing a mutually advantageous partnership that fosters shared prosperity.

“I think there are quite a lot of opportunities in solid minerals in power, in agriculture, in cement, and in other areas,” Dangote stated.

While Burundi provides a possible new frontier, Dangote’s influence extends further west.

Just last week, Godwin Kudzo Tameklo, Chief Executive Officer of Ghana’s National Petroleum Authority, said Ghana’s domestic refining capacity remains limited, and as such, the country aims to import fuel from Dangote.

Dangote’s recent Cameroon engagement

Sonara stated that the engagement is intended to build the framework for long-term technical and commercial collaboration, with the ultimate objective of improving Cameroon’s fuel security, fulfilling local demand, and developing energy independence.

The rehabilitation strategy for Sonara depends significantly on ongoing discussions concerning both fuel supply agreements and potential funding.

Sonara’s “Parras 24” recovery strategy aims to resume refining operations within 24 months, for CFA291.9 billion ($524 million).

Source: Africabusinessinsider