Dangote Vows To Invest More In Tanzania, Moves To US

Aliko Dangote, the CEO of Dangote Group, has said his company will invest more in Tanzania.

He made this assurance during a meeting with President Samia Suluhu.

The businessman paid a courtesy call to Suluhu on Monday at the Dar es salaam State House, where they had a discussion on many issues.

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Dangote said on Monday that the firm has invested $770 million in Tanzania through its cement plant in Mtwara.

Dangote added that the firm will also invest in other sectors in the country, including the plans to have a firm fertilizer in Tanzania.

According to him, “We will continue to invest in Tanzania so as to create more jobs, country’s income tax and to boost the lives of the locals…we have promised that we will continue to invest more in Tanzania.”

He said that due to the favourable business working environment in the country, he will convince more investors to invest in Tanzania.

Suluhu applauded the businessman for his investment in the country and promised that his business as well as investments from others is secured for the benefit of all people.

The businessman also announced that he will be opening a new office in New York to invest 60% of his assets in the United States over the next few years to protect his family wealth in the long term.