President of the Dangote Group, Aliko Dangote, has begun discussions aimed at expanding the group’s business footprint into Burundi as part of its broader strategy to deepen investments across Africa.
Dangote recently visited the East African country alongside former President Olusegun Obasanjo, where he held high-level talks with Burundi’s President, Evariste Ndayishimiye, at the presidential palace. The discussions centred on identifying priority sectors for large-scale private investment and strengthening economic cooperation between both sides.
In a statement released by the Dangote Group, the visit was described as both economic and diplomatic in nature, with two technical committees – one representing the Burundian government and the other the Dangote Group set up to assess viable projects and develop investment frameworks.
Dangote highlighted opportunities in key sectors such as power generation, agriculture, solid minerals, cement manufacturing, and infrastructure development, noting that the group’s investment philosophy is focused on building long-term value within the African continent.
“Our focus is on investing in Africa and partnering with African countries to drive industrial growth and shared prosperity,” he was quoted as saying.
The move comes as the Dangote Group continues to expand its operations beyond Nigeria, leveraging its expertise in large-scale industrial projects to support economic development across the continent.
Meanwhile, in Nigeria, Dangote Petroleum Refinery has adjusted its domestic market strategy by reducing the ex-depot price of Premium Motor Spirit (PMS) by ₦25 per litre, lowering the gantry price from ₦799 to ₦774 per litre. The new price took immediate effect following a notice to petroleum marketers.
The refinery also confirmed the conclusion of its PMS lifting incentive scheme, with credits for qualifying volumes expected to be reflected in marketers’ account statements.
Industry analysts say the price reduction reflects easing cost pressures, improving efficiency, and growing competition in the deregulated downstream petroleum market.
Observers note that the twin developments; continental expansion efforts and domestic pricing adjustments underline the Dangote Group’s drive to consolidate its leadership in Africa’s industrial and energy landscape.
