Aliko Dangote eyes fresh multi-billion investments in Tanzania after talks with President Samia

Tanzania’s President Samia Suluhu Hassan during a meeting with Nigerian entrepreneur Aliko Dangote on June 28, 2026. (Photo: Ikulu Tanzania)

By Mwangi Maina
Wednesday, July 1, 2026

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Africa’s richest man Aliko Dangote has held talks with President Samia Suluhu Hassan on potential multi-sector investments in Tanzania as the country steps up efforts to attract major private capital and strengthen its industrial base.

Africa’s richest man, Aliko Dangote, is exploring a new round of investments in Tanzania as President Samia Suluhu Hassan steps up efforts to position the country as East Africa’s emerging industrial hub.

Dangote met President Samia at State House in Dar es Salaam on Sunday to discuss potential projects in transport infrastructure, fertiliser production and the energy sector.

The discussions reflect Tanzania’s ongoing push to attract large-scale private capital as it seeks to accelerate industrialisation, create jobs and strengthen regional economic integration.

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President Samia directed relevant ministries and government agencies to begin technical consultations on the proposed investments, ensuring alignment with Tanzania’s legal framework and development priorities.

She emphasised that partnerships with the private sector remain central to Tanzania’s economic strategy, particularly in mobilising investment, driving industrialisation, promoting technology transfer and creating employment opportunities.

The meeting builds on Dangote’s existing footprint in Tanzania.

His Dangote Cement operations in Mtwara—one of East Africa’s largest cement plants—represent an investment of about $500 million and serve both the domestic market and neighbouring countries.

The latest talks indicate the conglomerate is now looking beyond cement into sectors that could further expand Tanzania’s manufacturing base and strengthen infrastructure development.

For Tanzania, deepening engagement with Dangote aligns with President Samia’s broader strategy to reopen the economy to foreign investors after years of strained relations with parts of the private sector.

The government’s focus on infrastructure, industrial production and regional connectivity also supports its ambition to become a key manufacturing and logistics hub serving both East and Southern Africa.

If realised, the proposed investments would further expand the Dangote Group’s presence across the continent, where it continues to invest heavily in cement, fertiliser, energy, petrochemicals and transport infrastructure.