The meeting, conducted at the State House in Dar es Salaam, reinforced the enduring partnership between Tanzania and the Dangote Group, while initiating discussions regarding a new phase of investments that align with the nation’s industrialization and economic transformation agenda, as stated by the Dangote Group. Following the meeting, Dangote remarked that Tanzania continues to be one of the most appealing investment locations in Africa, highlighting that the Group has pinpointed various strategic sectors that have the potential to generate substantial economic value.
He remarked, “We have recognized opportunities that can yield considerable value for Tanzania, and we are eager to partner in their advancement for our collective benefit.” The discussions encompassed a wide array of projects, such as the development of ports, the construction of a 40-kilometre concrete access road to facilitate port operations, the establishment of a special trade zone, a proposed 2,000-megawatt coal-fired power plant, a urea fertiliser plant, and transport infrastructure connecting Mtwara with Mbamba Bay in southern Tanzania.
Dangote provided insights into the commercial and technical reasons that led the Group to select Lamu, Kenya, as the site for its planned East African refinery, while also inviting the Government of Tanzania to take part in the investment. She has also designated the Minister of Planning and Investment to oversee the strategic partnership with Dangote Industries Limited, with both parties anticipated to commence formal negotiations shortly.
A Tanzanian government team, led by the Minister, was scheduled to visit Nigeria to enhance discussions and create implementation frameworks for the proposed initiatives. In a statement from the Directorate of Presidential Communications, it was emphasized that the Government is committed to bolstering partnerships with the private sector as part of its initiatives to mobilize productive investments, accelerate industrialization, promote technology transfer, and create lasting employment opportunities.
With a $500 million cement plant in Mtwara, Dangote Industries is already a key player in Tanzania’s industrial sector. The plant has an annual production capacity of three million tonnes, supplying not only the local market but also neighboring countries.
The most recent engagement strengthens the collaboration between Tanzania and the Dangote Group, further solidifying the company’s status as a prominent private sector investor in Africa, which is pivotal in promoting regional industrialisation, infrastructure advancement, and economic integration.
