Aliko Dangote to Invest In Tanzanian Coal

Aliko Dangote

Aliko Dangote, has announced new plans to invest an undisclosed sum in the development of a major coal mine in Tanzania, even as he continues to expand his business interests across the continent.

Dangote revealed his plans last week Thursday when he met Tanzania’s Vice President Mohammed Gharib Bilal, during the Africa Global Business Forum in Dubai, the United Arab Emirates.

Dangote said he plans to invest significantly in the Mbinga coal mine in Tanzania’s southwestern region, as he plans to use the coal to produce energy for use at his cement plant in Mtwara which is currently in construction. When completed, the Dangote Cement plant will produce three million tonnes of cement per year, almost half of the country’s net production.

Read More: Forbes