Africa Must Leverage On Internal Strengths, Existing Gaps To Ensure Rapid Growth – Dangote – Independent Newspaper Nigeria

The President of Dangote Industries Limited, Aliko Dangote, has called on Africans to leverage on internal strengths and global opportunities to fill existing gaps, and adopt a deliberate re-orientation toward industrialisation of Africa’s manufacturing sector, as a panacea against the current global economic instability.

The renowned entrepreneur, encouraged operators in the manufacturing and industrial sectors across the continent to embrace a fundamental shift in mindset and develop robust regional value chains and deepen intra-African trade as inward solutions to boost overall development across the continent.

Dangote, who noted that current geo-political tensions and trade wars have caused major economies to reevaluate their traditional trade partnerships with a view to diversifying their supply chains, also urged African exporters to benefit from the current process to fill the gap by competitively supplying the required products.

These recommendations were contained in Dangote’s welcome address at the company’s Special Day at the ongoing 4th Intra-African Trade Fair holding in Algiers, Algeria, where he was represented by his Special Adviser and Representative, Engr. Ahmed Mansur.

“I am glad to be here at the 4th Intra-African Trade Fair (IATF). I am immensely grateful to the organisers – not only for inviting me and giving me the opportunity to speak – but also for going a step further by dedicating this remarkable day to my organisation, Dangote Group. To have today officially set aside as Dangote Day is both an honour and a privilege.

“I thank the conveners – The African Export Import Bank, the African Union Commission and the Africa Continental Free Trade Area Secretariat – for organising this event. We appreciate the invaluable contributions you have made and the excellent work you continue to do in promoting, facilitating, and deepening trade and investment across the continent”, Dangote added.

According to him, “this year’s theme, “Gateway to New Opportunities,” resonates deeply as a powerful reminder of the huge potential and prospects that abound across the African continent. For too long Africa’s resources have been exported as primary commodities in their raw and unrefined state with limited domestic processing or beneficiation.