Dangote Assures Tanzania Govt Of Increased Investment

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President of Dangote group, Aliko Dangote, has assured the new President of Tanzania, Samia Suhulu, that his company will increase its investment in the

country and inform investors all over the world, that Tanzania is now a good place to invest. Dangote currently has invested about $770million in Tanzania.

He lauded the new president’s investor-friendly policies since she assumed office and insisted that while the government’s role is to provide a conducive environment for investment, it is the role of the private sector to create jobs that will eventually lead to the growth and development of any nation.

Dangote said: “I congratulate her for the changes that she is making here in Tanzania and assure her that we will continue to invest in Tanzania to help create jobs, wealth and prosperity for the people of Tanzania. I think she needs that support and we have reassured her that we will continue to establish here in Tanzania to support what she is doing…she can only do policies, it is not the job of government to create jobs. We will help her to invest and create jobs in Tanzania.

President Suhulu praised Dangote for his significant investment and assured him that her government will make sure his investments and those of other investors are protected and supported for the benefit of both parties. Dangote’s 3.0Mta plant in Mtwara – about 400km from Dar es Salaam – was commissioned in December 2015 and is the largest cement factory in Tanzania. With about 500 million tonnes of limestone reserves, enough for 149 years, the plant is capable of producing large amounts of high-quality 32.5 and 42.5 grade cements to meet local market need at competitive prices, as well as the surrounding export market by sea.

 

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