Nigerian industrialist and Africa's richest man, Aliko Dangote, is advancing another phase of his pan-African investment strategy with plans to deliver a series of large-scale infrastructure and industrial projects in Tanzania, further extending the footprint of one of Nigeria's most influential business groups across the continent.
The proposed investments were announced following a meeting between Dangote and Tanzanian President Samia Suluhu Hassan. According to a statement released after the discussions, both sides explored multiple projects aimed at supporting Tanzania's industrial development, with formal negotiations expected to begin in the coming days to finalise the investment agreements.
Rather than focusing on a single development, the Dangote Group is proposing an integrated package of infrastructure designed to strengthen energy supply, manufacturing capacity and transport connectivity.
Among the projects under consideration is the construction of a new port, supported by a 40-kilometre concrete access road to improve movement to and from the facility. The investment blueprint also includes the establishment of a special economic and trade zone, the development of a 2,000-megawatt coal-fired power plant, a urea fertiliser project, and transport infrastructure connecting the Indian Ocean port city of Mtwara with Mbamba Bay on Lake Malawi in southern Tanzania.
Speaking after the meeting, Dangote said the proposed investments were carefully selected to create lasting economic value.
"We have identified areas that can deliver significant value for Tanzania, and we are ready to work together to develop them for our mutual benefit," he said.
The latest initiative demonstrates the continued international expansion of a Nigerian industrial group that has increasingly positioned itself as a major investor in manufacturing, energy and strategic infrastructure across Africa.
Beyond Tanzania, Dangote has already revealed plans to replicate the model of his Lagos refinery in Lamu, Kenya. The group is also expanding its fertiliser investment in Ethiopia, where planned spending has risen to more than $4 billion.
The drive behind the company's regional ambitions has continued to build in recent months. In mid-May, Ugandan President Yoweri Museveni disclosed that he had held talks with Dangote regarding a proposed regional refinery project in East Africa, signalling broader efforts to strengthen energy infrastructure within the region.
Collectively, the Dangote Group has announced plans to invest approximately $40 billion across Africa over the next five years, targeting manufacturing, energy production and industrial infrastructure.
While expanding beyond Nigeria, the company is simultaneously pursuing one of its most ambitious domestic projects, the enlargement of the Dangote Refinery in Lagos.
The refinery, which currently processes about 650,000 barrels of crude oil per day, is expected to almost double its refining capacity to around 1.4 million barrels daily after the planned expansion. Once completed, the facility is expected to rank among the world's largest refining complexes.
Financing for the expansion has also gained significant backing. African Export-Import Bank (Afreximbank) has reportedly underwritten $2.5 billion as part of a $4 billion syndicated term loan supporting the project.
Construction activities are also progressing with additional investments in equipment and supporting infrastructure. Earlier this year, the Dangote Group signed a $400 million agreement with XCMG Construction Machinery to accelerate work on the refinery expansion.
The expansion is projected to lift polypropylene manufacturing capacity from roughly 900,000 metric tonnes to about 2.4 million metric tonnes annually, strengthening the refinery's position as a major supplier of industrial raw materials across Africa while helping reduce the continent's dependence on imports.
As the Nigerian conglomerate broadens its investments across multiple African markets, its latest projects reinforce the growing influence of Nigerian enterprise in shaping the continent's industrial future, even as it continues to make substantial long-term investments at home.