with agency reports
31 January 2017, Sweetrcrude, Abuja – Nigerian multi-billionaire investor and Chairman of Dangote Group, Alhaji Aliko Dangote, has expressed the desire of his group to further consolidate on his existing investments in Zambia and other African countries by exploring opportunities in the energy and agriculture sectors.
Dangote made this known at a courtesy call on President Edgar Lungu of Zambia to express his gratitude for the enabling environment that the country continues to offer investors at every level.
Already, the business mogul has a cement factory running in Zambia in which several hundreds of Zambia’s are gainfully employed.
Dangote urged Zambian government to roll out policies that will encourage massive investments in the country and the produce very competitive.
“I am here not only to explore investment opportunities and consolidate our existing business relations, but also to congratulate your Excellency for your victory in the last general elections,” said Dangote.
He called on the government of Zambia on the need to implement agricultural practices which will ensure that yields per hectare are high and competitive, saying “This is because Zambia’s natural advantage in the export market is the readily available captive market that consists of eight neighbouring countries and other nations in the great lakes region.”
He also said energy is a critical requirement for economic development and so it is important that Zambia expands its energy supply footprint both for local consumption, and export to regional markets.
“We are going to explore investment opportunities in the energy sector and perhaps look at the viability of existing petroleum refinery facilities,” Dangote noted.
President Lungu said his government was determined to put in place policies that will be investor friendly and guarantee conducive and enabling environment for the businesses to thrive.
“Agriculture is the major thrust in Zambia’s economic diversification drive and among our top priorities, which include the provision of affordable food, fuel and farmer inputs,” he said.
Earlier, Dangote held a consultative meeting with the Minister of Finance, Felix Mutati, which he encouraged the Zambian government to strengthen business management skills especially among small and medium enterprises.