Tanzania woos Dangote for fertiliser, energy investments

Tanzania is actively pursuing fresh investments from Nigeria's Dangote Group, targeting key sectors like fertilizer production, energy, and industrial infrastructure to spur economic development. The Tanzanian government, represented by the Minister of State for Planning and Investment, Prof. Kitila Mkumbo, expressed this interest during a recent visit to the Dangote Petroleum Refinery and Petrochemicals in Lagos.

The delegation's visit aimed to follow up on discussions between Tanzania's President Samia Suluhu Hassan and Dangote Group's President Aliko Dangote regarding potential new ventures. Dangote Group already holds a significant presence in Tanzania, operating the country's largest cement manufacturing plant, an investment estimated at $800 million.

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We have come here to make a follow-up on what they deliberated with our president in terms of further Dangote investments in Tanzania.

Minister Mkumbo highlighted Tanzania's specific interest in Dangote's expertise in fertilizer production and refinery operations, seeing them as crucial for supporting industrial development and economic growth in the East African region. He also called for enhanced economic integration among African nations, emphasizing the need to move beyond political cooperation towards greater industrialization.

Mkumbo described Dangote as a leading African industrialist whose investments are contributing to continental industrial development. He stated that Tanzania looks forward to collaborating with the group to promote Pan-African industrialization and expand regional manufacturing capacity. The minister also stressed the importance of developing local refining capacity to bolster Africa's energy security, particularly in light of global oil market disruptions.

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Africa now needs economic liberation, and that can only come through industrialisation.