President Samia Suluhu Hassan Promises to Protect Aliko Dangote Investments in Tanzania

President Samia Suluhu Hassan (Background) meets Aliko Dangote Delegation at State House in Dar es Salaam

By TZ Business News Staff.


Tanzania President Samia Suluhu Hassan has promised to protect Africa’s richest man Aliko Dangonte’s  investments  in the country as well as  investments by others.

The Nigerian entrepreneur  owns  a USD $770 million cement factory in  the south eastern coastal region of Mtwara. He is currently described as Africa’s richest man at a net worth of   USD 11.7 billion and ranked 183rd richest man in the world. 

Dangote held talks with the President at State House in Dar es Salaam on Monday, May 24, 2021.  At the talks the President said her  Government was  set to protect  Dangote’s investments as well as investments made by other investors  in order to generate benefit for  both sides.

The President expressed appreciation for the Nigerian billionaire’s investment made in the country and ordered Minister for Investment Geofrey Mwambe and the Minister for Industries and Trade Prof. Kitila Mkumbo, to  find solutions  to any problems  the Dangote cement factory in Mtwara may be facing.  The two ministers attended the meeting.

In 2016 Dangote had complained the Government had not quite kept its word on some foreign investor benefits promised.  

President  Samia said  Dangote’s  manufacturing plant should be operational  in order for it to generate the intended benefits.  After the talks, the Nigerian entrepreneur expressed support and appreciation of  the President ’s effort  to improve the business environment.

The President recently promised solutions to problems investors face in Tanzania–problems which include Government bureaucracy, difficulties to obtain work permits and a hostile taxation environment.

She made the promise at State House in Dodoma when talking to leaders of the Chinese Business Chamber of Tanzania,  a Tanzania-based organization comprising of Chinese businesses which operate in the country.

Dangote  said because of  the changes and improved business environment in the country  he  is to  turn  himself into Tanzania’s  investment ambassador—to  encourage other investors and business people to bring capital into Tanzania because the Government  here is now ready  to partner with investors.

The  environment is  now conducive to investment, he observed, expressing interest to bring additional investment in areas  other  than cement manufacturing in order to help create jobs here.   

“”We will continue to  invest in Tanzania in order to create employment, to  increase the national income and to  raise  the welfare of the people of Tanzania,” Dangote said after talks.  “ I think [the President] needs support in  this and we have  promised that we will continue to invest on a large scale in Tanzania in order to support what she is doing.  We  will create employment.”