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Dangote Group signs deal to build a cement factory in Togo

The Nigerian industrial conglomerate Dangote Group deal will make phosphate into fertilizer and build a cement factory in Togo.

Aliko Dangote and Togo’s minister of mines, Marc Ably-Bidamon signing the agreement in Lome. Photography:Togo First

According to report Togo’s vast phosphate resources are mostly exported in their raw form, and Dangote’s project aims to process some of that phosphate in order to make fertiliser in-country, aiming to export it to the region.

Dangote Industries will invest in a $2 billion phosphate project in Togo, positioning itself to become a main supplier of fertilizer in West Africa Bloomberg noted.

Dangote also signed a deal to build a cement factory at a cost of around US$60 million. Construction of the factory will commence in the first quarter of 2020, and it will begin producing by the end of next year, according to statement.

Dangote Group is a diversified and fully integrated conglomerate, with an annual group turnover in excess of $4.1 Billion.

 

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