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Dangote and Tanzania Agree to Hold Formal Talks on Port, Power and Road Investments
Africa’s richest man held talks with Tanzania’s president last week on expanding his cement, fertilizer and energy businesses. Formal negotiations for a deal are scheduled soon.
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Aliko Dangote said he plans major investments in ports, power and roads in Tanzania. Semafor reported that the Nigerian billionaire held talks with Tanzania’s president last week. ” He added that formal talks to finalize a deal will be held soon.
Dangote’s empire includes cement and fertilizer subsidiaries that he is expanding across the continent. Semafor reported that his oil refinery in Nigeria is the largest in Africa, with a project underway to double its capacity to 1.4 million barrels per day. Dangote has already announced plans for a second oil plant in Kenya to serve the East Africa region.
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