After a successful Dangote Nigeria refinery, the richest man in Africa and the richest black man alive is now in Angola for another giant investment in the refinery. The news has it that Dangote is Now In Angola To Invest In The Lobito Refinery.

African Tycoon came to Angola to Formalize Investment in the Lobito Refinery, multiple report says, with a smile on his face, he was welcomed by the Angolan government and its people.

The tycoon and president of Dangote Industries, Aliko Dangote, Africa’s richest black man alive, arrived in Luanda Angola on Tuesday today the 2nd day of December 2024 for a brief visit to officially open his company’s subsidiary in Angola, according to the Angolan Embassy in Nigeria.

“The businessman and his executives aim to formalize their participation in the construction of the Lobito Refinery in Angola, within the framework of investments in the Lobito Corridor.

The direct acquisition and operation of oil blocks in Angola’s onshore and offshore areas, as well as the acquisition or management of cement factories,” the embassy confirmed to newsmen.

On his arrival, Aliko Dangote was received by Angolan President João Lourenço and will hold working meetings with ministerial entities, Sonangol, the National Oil, Gas, and Biofuels Agency (ANPG), and heads of public institutions.

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The African billionaire’s first step is to open a subsidiary of Dangote Industries in Angola to consolidate his investment intentions in various sectors.

In a recent meeting with Ambassador José Bamóquina Zau to finalize the Luanda agenda, Aliko Dangote expressed his enthusiasm and commitment.

In his words, “I appreciate the attention of His Excellency João Lourenço at this moment when Africa must become increasingly united with its people,” the billionaire stated, adding, “The situation in Angola has indeed changed significantly; we hear good news from friends who visit, which increases my satisfaction and desire to invest here.”