THE DANGOTE DEAL: TANZANIA’S NEXT MOVE

Dangote Group signals long-term investment ambitions as Tanzania moves to turn DIRA 2050 into real projects

LAGOS, NIGERIA — Tanzania is stepping up its drive to attract large-scale strategic investments, with Minister of State in the President’s Office, Planning and Investment, Prof. Kitila Mkumbo, leading a high-level government delegation to Lagos for talks with Africa’s largest industrial conglomerate, the Dangote Group.

The mission, which brings together senior government leaders and technical experts from key economic institutions, is focused on one central objective: turning Tanzania’s investment ambitions under DIRA 2050 into concrete projects, stronger partnerships and long-term economic transformation.

At the centre of the Lagos engagement was a strategic meeting between Prof. Kitila and Alhaji Aliko Dangote, President and Chief Executive Officer of the Dangote Group, aimed at deepening cooperation and unlocking new investment opportunities across Tanzania’s priority sectors.

The mission comes at a significant moment in the growing relationship between the Government of Tanzania and the Dangote Group. It follows Alhaji Dangote’s recent visit to Tanzania, where he held high-level discussions with President of the United Republic of Tanzania, Dr. Samia Suluhu Hassan, on expanding investments in strategic sectors.

Those discussions strengthened the shared commitment to accelerating Tanzania’s industrialisation and creating an investment environment capable of attracting major long-term capital.

The Lagos mission therefore represents the next phase of that engagement — moving from high-level discussions in Dar es Salaam to concrete investment opportunities on the ground.

A $46 BILLION VISION

One of the most significant highlights of the meeting was the Dangote Group’s long-term investment outlook for Africa.

The Group has outlined plans to invest up to US$46 billion by 2030 across strategic sectors on the continent, with Tanzania among the markets offering significant opportunities for expansion.

For Tanzania, the prospect of deeper collaboration with one of Africa’s most powerful industrial groups comes at a critical time as the country seeks to accelerate industrialisation, expand productive capacity, create jobs and attract technology and capital.

The discussions in Lagos covered a broad range of sectors central to Tanzania’s economic transformation, including manufacturing, energy, mining, transport, logistics, ports, infrastructure and other strategic industries.

DANGOTE: TANZANIA IS READY FOR BIG INVESTMENTS

During the meeting, Alhaji Dangote commended President Samia for what he described as visionary leadership and a strong commitment to creating a favourable investment climate.

He noted that reforms implemented under the current administration have strengthened investor confidence, improved the business environment and enhanced Tanzania’s position as an attractive destination for foreign direct investment.

Alhaji Dangote said his recent meeting with President Samia in Dar es Salaam had further strengthened the Dangote Group’s confidence in Tanzania’s economic direction and long-term development agenda.

“Tanzania is a country with enormous investment potential and I reaffirm my company’s commitment to supporting the country’s industrialisation drive through strategic partnerships,” he said.

He also praised Prof. Kitila for bringing together a strong and well-coordinated delegation, noting that its composition demonstrated the Government of Tanzania’s determination to move beyond policy commitments and deliver practical investment outcomes.