Dangote signs $2.6bn deal to build cement, fertilizer plants in Togo


Dangote Group has signed agreement with Togolese government to make phosphate into fertilizer and build a cement factory in that tiny West African country.

Togo’s huge phosphate resources are mostly exported in their raw form, and the deal with Dangote, Africa’s biggest cement maker, would process some of that phosphate to make fertilizer in Togo with the aim of exporting it to the West African region.

The total cost of the project is about $2 billion, according to a statement from Togo’s government. It is not clear how much Dangote is investing in the project.

Dangote also signed a deal to build a cement factory at a cost of about $60 million. Construction of the factory is set to start in the first quarter of 2020 and it will begin producing by the end of next year, the statement said.

The cement would serve the Togolese market as well as export to neighbouring countries.

With Dangote’s foray into cement manufacturing in Togo, the company will have to compete with two others, Germany’s Heidelberg Cement, which operates three companies there, and Fortia Cement.
https://moneyreport.com.ng/dangote-signs-2-6bn-deal-to-build-cement-fertilizer-plants-in-togo/

Lalasticlala

Why Togo?....He made his money here....he should invest it here

ursullalinda:
Why Togo?....He made his money here....he should invest it here

lol
lalasticlala

hmmmm.... Danger Ote

Congrats to him, bili bili things. Chukwu gozielum ndi-oyim with one one billion.
One one b....
One one b....

Yet some brain-dead wailers & ignorant bigots will say Dangote's success is due to the FG giving him monopoly/preferential treatment. Rubbish.

So are the Togolese also giving him monopoly over their own brothers because he is a Northern Nigerian? Lol losers always have excuses.

Who God has blessed, no man can curse. Arewa Amaka

lalasticlala