The Dangote Group, on Monday, assured the new President of the United Republic of Tanzania, Samia Suhulu Hassan that it will increase its investment in the country from about $770m, thereby creating more jobs, wealth, and ensure prosperity for the people.
As a show of its confidence in the administration, the group said in a statement, it will help the country woo investors from across the globe, telling them how Tanzania is now a worthwhile investment destination.
President of the group, Aliko Dangote, who spoke at a business meeting in Dodoma, Tanzania, lauded Suhulu’s investor friendly policies since assuming office, noting that while the government’s role is to provide a conducive environment for investment, it is the private sector that creates jobs that boost growth and development in any economy.
While congratulating her, Dangote expressed belief that the new Tanzanian government “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 are looking at other areas, maybe fertilizer and other investment opportunities here in Tanzania, but you can rest assured that, with the discussion that we had with her, we will look for other opportunities to help her make sure that this her vision and dream will come through,” he stressed further.
Offering to engage other investors about the prospects in Tanzania, Dangote said: “I think the business environment here has changed dramatically, I mean… things are opening up and I can assure you that not only here in Tanzania, but I will now be the champion of Tanzania wherever I go and tell people that things have changed and that everybody should come back and invest heavily here in Tanzania”
Responding, President Samia praised Dangote for his 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 government and the investors.
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. It is capable of producing large amounts of high-quality 32.5 and 42.5 grade cements to meet local market needs at competitive prices, as well as surrounding export markets by sea.
Recall that Dangote, in 2019, said his cement company is able to sustain 54,000 jobs in four African countries of Nigeria, Ethiopia, Senegal, and South Africa, where it operates.
Photo caption: President/Chief Executive, Dangote Industries Limited, Aliko Dangote during a business meeting with the President of the United Republic of Tanzania, Her Excellency, Samia Suluhu Hassan, in Dodoma, Tanzania.
