Tanzanian President Samia Suluhu and Africa's richest man, Aliko Dangote, have agreed to chart a roadmap for a multi-billion-dollar investment push across Tanzania.

🇰🇪 Breaking It Down

The two leaders met at the State House in Dar es Salaam on June 29 to discuss a fresh wave of projects spanning energy, fertiliser, and transport infrastructure.

Disclosure shared with Kenyans.co.ke indicates Dangote Industries Limited is eyeing port development, a 2,000-megawatt coal-fired power plant, and a urea fertiliser plant within Tanzanian borders.

There's also talk of a 40-kilometre concrete access road meant to ease congestion around the country's busy ports.

📌 What You Need to Know

A special trade zone is on the table too, alongside a transport corridor linking Mtwara to Mbamba Bay in the south, an 812-Kilometre stretch that will streamline transport of key raw materials and products across the country.

President Samia moved swiftly after the meeting, directing her Minister of Planning and Investment Kitila Mkumbo to coordinate negotiations, positioning him to lead discussions from the Tanzanian side.

To further seal the deal, a delegation from Dar es Salaam is expected to travel to Nigeria soon to fine-tune the details and map out how the projects will roll out.

Interestingly, this isn't Dangote's first major venture in Tanzania, since his Group already runs a Ksh65 billion (USD500 million) cement plant in Mtwara.

That whole venture produces three million tonnes of cement annually, serving both local buyers and customers across neighbouring countries.

Dangote also took the opportunity to address why his planned East African oil refinery is heading to Lamu, Kenya, instead of Tanzania.

📰 Source: Kenyans.co.ke