More wealth for Dangote as Africa’s richest man launches new subsidiary in another country

  • With a focus on the cement and oil sectors, Aliko Dangote is expanding Dangote Industries’ footprint in Angola
  • By purchasing and managing both onshore and offshore oil blocks, he hopes to expand his industrial presence in Africa
  • He will also engage with key stakeholders, such as Sonangol, the nation’s oil company, and the National Oil, Gas, and Biofuels Agency

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The wealthiest man in Africa, Aliko Dangote, is extending Dangote Industries’ presence in Angola with an emphasis on the cement and oil industries.