Dangote signed a deal to build a cement factory at a cost of around $60 million. Construction of the factory is set to start in Q1 2020 and it will begin producing by the end of next year, the government statement reported by
The cement would serve the Togolese market as well as export to neighbouring countries.
Togo’s vast phosphate resources are mostly exported in their raw form, and Dangote’s project would process some of that phosphate to make fertilizer in-country, aiming to export it to the region.
The cost of the project is around US$2 billion, a statement from Togo’s government said, without specifying how much of that would come from Dangote.
The cement and fertiliser deal is Dangote’s first push into Togo, setting billionaire Aliko Dangote’s group up for competition against Germany’s
