Dangote creating investment opportunities in Africa - Economists

Pan-African conglomerate, the Dangote Group, is not relenting in buoying investment opportunities across Africa through numerous businesses and philanthropic forays on the continent.

This is the consensus of economists and stakeholders who participated in the just concluded 44th Kaduna International Trade Fair.

Dangote Group also bagged the First Runner-Up award at the annual event.

Speaking to newsmen on the sideline of the company’s Special Day, Professor of Economics, Umar Dantsoho, said Dangote Industries Limited has been creating investment and job opportunities for Africans through its cement establishments in Nigeria and in Africa.

He said the key to developing the African economy is through the growth of the manufacturing sector, which is a major preoccupation of the company.

Only recently, Dangote Industries

Limited sealed a fresh deal of six million tons per annum with China Sinoma International Engineering which will strengthen local and African production to 57.6 million tons per annum.

Aside government, Dangote Group is adjudged the biggest employer of labor in Nigeria.

Speaking also Second Vice President of the Kaduna Chamber of Commerce Industry Mines and Agriculture(KADCCIMA). Alhaji Faruk Suleiman, commended the company for creating opportunities across Africa, adding that the upcoming Dangote petrochemical refinery will change the face of the African economy.

General Manager, Sales, Dangote Sugar Refinery (DSR) North-West, Alhaji Abdulsalam Waya said the conglomerate would continue to provide opportunities for all willing Nigeria to invest as distributors or as investors in the stock market.

He added that the theme for this year’s

Trade Fare: Value Addition for Sustainable Growth and Development is apt, as Dangote Cement exports its product to several African countries, thereby creating jobs and opportunities across the value chain.

The company is the major sponsor of the 44th annual event.

Speaking, President of KADCCIMA Alhaji Suleiman Aliyu described the partnership with Dangote as very important for deepening commercial activities in the country.

He said the support of the Dangote Group towards the success of the Fair cannot be quantified.

Speaking to newsmen, the Director General of the Chamber Mr. Usman Saulawa said the Dangote Group is a major sponsor of this year’s Trade Fair and has been sponsoring the annual event.

He said: “Dangote Group has been playing the role of supporter and partner for many years. It participation has been adding value to the Chamber.”

The DG described this year’s fair as unique as there would be a Business Roundtable session that will further help deepens business opportunities for participants.

The companies that participated under Dangote Industries Limited are Dangote Cement, Dangote Sugar, NASCON, Dangote Fertiliser, and Dangote Sinotruk West Africa Limited.

A statement from the Corporate Communication Department of the Dangote Group said participants who seek to do business with any of the company’s subsidiaries can avail themselves of such opportunity through a special help desk at the pavilion.

It described Kaduna State as one of the biggest markets in the country, given its historical position as the political capital of Northern Nigeria.