Home » Dangote and Obasanjo have their eyes on DRC’s investment opportunities

Dangote and Obasanjo have their eyes on DRC’s investment opportunities

by  Africa Media Australia

Former Nigerian President Olusegun Obasanjo, alongside the renowned Nigerian billionaire Aliko Dangote, recently met  with President Felix Tshisekedi of the Democratic Republic of the Congo (DRC) in Kinshasa, the capital city of the DRC. The purpose of their meeting was to explore and discuss potential business opportunities between Nigeria and the DRC.


Dangote and Obasanjo meeting President Felix Tshisekedi (Photo source: presidence rdc)


Mr. Obasanjo is the head of the newly-established Nigeria-DRC Business Council,  an initiative that seeks to facilitate closer ties, streamline processes, and foster economic integration between the two countries. During the meeting, the former president was eager to introduce Dangote to President Tshisekedi as one of the most pivotal investors within the council. Both Obasanjo and Dangote have previously expressed a strong interest in exploring investment opportunities in the DRC.


It was crucial for me to address investment matters with President Tshisekedi to seek his blessing,” emphasised Aliko Dangote following the productive meeting with the DRC President.

The Nigerian business magnate unveiled ambitious plans to invest significantly in the mining and agricultural sectors in the DRC. His commitment holds the potential to not only stimulate economic growth but also create valuable employment opportunities within the DRC and beyond.



President Tshisekedi’s approval for Dangote’s investment in the DRC marks a pivotal step towards fortifying economic ties between the DRC and Nigeria, laying the groundwork for a mutually beneficial collaboration in development”.

The discussions wth the three men underscore the pivotal role played by the DRC-Nigeria Business Council in fostering economic cooperation and strategic partnerships. Aliko Dangote’s ambitious investment plans in the DRC paint a positive picture for enhanced economic collaboration and shared prosperity between these two nations.


Alex Nyembo | AMA contributor


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