The Dangote Group is in advanced discussions to invest heavily in Cameroon’s oil sector, with a specific focus on storage and transportation infrastructure. This ambition was confirmed during a meeting in Yaoundé between Cameroonian Prime Minister Joseph Dion Ngute and a Nigerian delegation representing the conglomerate, alongside plans to double cement production capacity at its Douala facility.

Cameroon continues to attract the attention of Nigerian businessman Aliko Dangote. On Tuesday, July 21, 2026, Devakumar Edwin, Dangote Group Vice President for Oil and Gas, expressed the company’s strong interest in investing in Cameroon’s oil sector during an official meeting with Prime Minister Joseph Dion Ngute.

The discussions highlighted the group’s commitment to developing storage and transportation infrastructure for petroleum products. “The Dangote Group has expressed its willingness to invest in Cameroon’s oil storage and transportation sector. Devakumar Edwin outlined the project’s framework, designed to support the country’s growing energy infrastructure needs,” according to insider reports.

Thriving construction sector

Additionally, the Nigerian group reaffirmed its ambition to double investments in the cement sector, where it has been established for several years. Industry observers note that this announcement comes at a time when securing petroleum product supplies and meeting high demand from the booming construction sector are top priorities for Cameroon’s government.

Cameroon’s National Refining Company (Sonara) is undergoing a major transformation. Following a devastating fire in May 2019 that halted operations, the country’s sole refinery has been forced to rethink its model to ensure survival and prepare for industrial revival. The arrival of the Dangote Group in Cameroon’s oil sector represents both a short-term lifeline and a long-term strategic challenge for Sonara.

700 billion FCFA investment

For Sonara, Dangote is not a competitor but an indispensable partner. The Cameroonian government’s challenge is to forge a “strategic partnership” that uses Dangote’s fuel and capital to stabilize the market in the short term while safeguarding the Sonara reconstruction project—estimated at 700 billion FCFA—to ultimately guarantee the country’s energy independence.