Dangote receives highest civilian honour in Cameroon

Dangote maintains rank as Forbes’ richest man in Africa

President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has received the highest civilian honour in Cameroon – the Commander of the National Order of Valour – from the President of the Republic, Mr Paul Biya.

According to President Biya, the landmark honour was conferred on Dangote in recognition of his efforts in infrastructural development of Cameroon and Africa through his cement plants. The President, at a conferment ceremony held at the Unity Palace, Yaoundé expressed pride at Dangote’s various efforts to promote industrialisation across Africa through the building of cement plants in several countries. He noted that these plants have provided thousands of direct and indirect employment at their various locations, to boost the economies of their host countries, just like in Cameroon.

Read:  CBN sell N687.8bn TBs in first 6 weeks of 2022 on improved liquidity

He urged the leading African investor to consider more investments in the manufacturing sector in Cameroon, explaining that there are numerous business opportunities in the country. He maintained that his government is focused on promoting a business-friendly environment to make the country more attractive and an investor’ destination.

In his response, Dangote thanked President Biya and the people of Cameroon for the great honour done to him in the award of the nation’s highest civilian honour. He disclosed that there are plans to diversify the group’s investments in Cameroon, starting with energy.

Read:  Fidelity Bank’s half-year profit grows by 72.49%

Dangote said, “We have plans to expand our investment to other sectors beginning with oil and gas while our capacity in cement will be expanded”.

He commended the Cameroonian government for providing an enabling environment, which aided the successful completion of the Dangote Cement plant and also expressed appreciation for the support provided by the President and his cabinet in solving the challenges encountered in the construction of the plant.

Read:  Ecobank named ‘SME Bank of the year’

He said, “At the inception of our construction activities at the plant, we encountered several challenges, but the government stepped in and ensured that we overcame these initial problems. Also, the incentives by the government to investors are encouraging. We feel very much at home here in Cameroon because of the business-friendly environment. If demand for cement increases, we will increase the capacity of the plant and make the country self-sufficient in cement production.”


Related posts

Shareholders approve Custodian Investment’s dividend payment


Jaiz Bank Offers N200m Non-Interest Loan To MSMEs In Kano.


BoI wins Best Devt Bank of the year, Best Syndicated Loan awards


CreditVille, Dradrock, Others win West Africa Innovation awards


Sunlight relaunches, unveils new packaging


CBN, payment system operators move to fast-track e-Naira usage


Leave a Comment