Uganda’s Senior Presidential Advisor for Special Operations, Gen Muhoozi Kainerugaba, recently held a crucial meeting with Aliko Dangote, Africa’s wealthiest man, at the businessman’s residence in Lagos, Nigeria.
According to an official statement released from Gen Muhoozi’s office, the meeting took place this past week, during which both parties engaged in discussions about potential investment opportunities in Uganda. The chairman of the Dangote Group expressed his interest in exploring various sectors for potential investments within the East African nation.
“The duo discussed Mr. Dangote’s interest in investing in Uganda,” the statement reads in part. Gen Muhoozi assured Dangote that the Ugandan government welcomes investments in all sectors and that every avenue is available for him to explore.
During the meeting, Gen Muhoozi extended an invitation to Aliko Dangote to visit Uganda soon for a firsthand assessment of the investment landscape. Dangote, with an estimated net worth exceeding $10 billion, is well-known for his ventures in cement production, sugar refining, and other diverse industries.
The Dangote Group, a conglomerate with a wide-ranging business portfolio, operates not only in Nigeria but also in several other African countries, including Ghana, Ethiopia, and South Africa. One of Dangote’s flagship achievements is the ownership of Nigeria’s Dangote Refinery, which boasts a production capacity of 650,000 barrels per day, ranking among the top eight largest refineries globally.
The potential collaboration between Aliko Dangote and Uganda holds promise for mutual economic growth, job creation, and the development of key industries within the East African nation. As Dangote prepares for his upcoming visit to Uganda, the anticipation of new investments and partnerships is building, marking a positive step towards strengthening economic ties between Nigeria and Uganda.
