Aliko Dangote, President of Dangote Industries Limited (DIL), stressed the importance of boosting investments in Africa during his address at the Africa CEO Forum in Kigali, Rwanda.
He highlighted Africa’s significant potential for global progress and urged private sector leaders to focus on strategic investments that support indigenous industries, cautioning against overreliance on raw material exports.
Dangote emphasized the need for African nations to prioritize nurturing domestic manufacturing capabilities to reduce dependency on imported consumer goods. He expressed his commitment to Africa’s development, stating, “Looking ahead, Africa holds the key to its greatness. I’m not merely investing money but dedicating my entire being to this cause.” Dangote highlighted the boundless possibilities in Africa and encouraged investment in its future prosperity.
In his words, “For some of us, despite the boom of the capital market in the US, we didn’t really participate, rather we invested in Africa.”
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