Connect with us

business

Tanzania Eyes Expanded Dangote Investments in Fertiliser, Energy, Infrastructure

Published

on

The Government of Tanzania has reaffirmed its commitment to deepening economic cooperation with Dangote Group, expressing strong interest in attracting new investments in fertiliser production, energy and industrial infrastructure to support the country’s long-term development agenda.

Minister of State in the President’s Office responsible for Planning and Investment, Hon. Prof. Kitila A. Mkumbo, disclosed this during a visit by a Tanzanian delegation to the Dangote Petroleum Refinery and Petrochemicals in Lagos, Nigeria.

Advertisement

According to the Minister, the visit was aimed at following up on discussions held earlier this year between President Samia Suluhu Hassan and President and Chief Executive of Dangote Industries Limited, Aliko Dangote, regarding the expansion of Dangote Group’s investment footprint in Tanzania.

He noted that Dangote already operates Tanzania’s largest cement manufacturing plant with an investment valued at approximately $800 million, adding that the company continues to play an important role in the country’s industrial development.

Advertisement

“We have come here to make a follow-up on what they deliberated with our President in terms of further Dangote investments in Tanzania,” Mkumbo said.

He explained that Tanzania is particularly interested in Dangote Group’s expertise in fertiliser production and refinery operations, describing the company’s industrial capabilities as critical to supporting East Africa’s economic growth.

Advertisement

Beyond the proposed investments, the Minister said stronger collaboration between Tanzania and Dangote Group would further enhance economic cooperation across Africa under the African Continental Free Trade Area (AfCFTA).

According to him, although African countries have maintained strong political relationships over the years, the continent must now prioritise economic integration through industrialisation.

Advertisement

“Africa now needs economic liberation, and that can only come through industrialisation,” he said.

Mkumbo described Dangote as Africa’s leading industrialist whose investments are increasingly extending beyond Nigeria to support development across the continent.

Advertisement

He added that Tanzania looks forward to working with Dangote Group as part of a broader vision of accelerating Pan-African industrialisation and strengthening regional manufacturing capacity.

The Minister also highlighted the importance of local refining capacity in improving Africa’s energy security, particularly in light of recent disruptions in global oil markets.

Advertisement

Referring to the impact of tensions around the Strait of Hormuz on global fuel prices, he said increased refining capacity from facilities such as the Dangote Petroleum Refinery would help cushion African economies against external shocks.

According to him, affordable and reliable energy remains one of the most important drivers of economic development, noting that expanded refining capacity across the continent would contribute significantly to lowering energy costs and improving the quality of life for millions of Africans.

Advertisement

The visit forms part of ongoing engagements between the Government of Tanzania and Dangote Group aimed at exploring new opportunities for strategic investment, industrial development and regional economic integration.

Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Cover7 hours ago

VIDEO: ‘Gbewudani’ Row — Drama As Arise TV Ends Interview After Wike’s Aide Rejects Rufai Oseni’s Questions

Cover7 hours ago

Yobe APC Chairman Tells Women To Divorce Husbands Who Stop Them From Voting APC

Cover8 hours ago

FG Commends RCCG For $265,854 Donation To Evacuate 500 Nigerians From South Africa

Cover10 hours ago

Burna Boy’s Mum Opens Up On Managing His ‘Unfiltered’ Personality

Cover1 day ago

Osun Police Command Break Silence on Viral ‘Drone Chase’, Reveal Footage Was From Yoruba Movie

business2 days ago

Dangote Says FG’s Economic Reforms Are Driving Nigeria’s Economic Recovery, Restoring Investors’ Confidence

Cover2 days ago

BREAKING: Uber Shuts Down Operations in Nigeria After 12 Years

Cover2 days ago

Nigeria Police Force Disowns Fake September 18 Training Date for Police Constable Recruits

Cover2 days ago

Hustle Gone Wrong: Nigerian-British Taxi Driver Jailed After Falling Asleep at Wheel, Killing Man in UK Crash

Cover2 days ago

68 year old British Grandmother Seeks Divorce After Nigerian Husband Allegedly Disappears Following Move to UK

Cover2 days ago

CP Felix Ohagwu Seeks Olugbo’s Support, Receives Royal Blessing in Fight Against Crime

Cover3 days ago

Goals, Drama and History: The Biggest Talking Points from Premier League Matchweek 2

Cover3 days ago

The ‘Dance of Shame’ and the Dangerous Entertainment of Suspected Criminals

Cover3 days ago

Liverpool Complete Big-Money Signing of Bradley Barcola from PSG

Cover3 days ago

Tim Cook Steps Down as Apple CEO After 15 Years, John Ternus Takes Over