Dangote strikes $2 billion deal with Togo


Dangote Group has signed deals to make phosphate from togo into fertiliser and build a cement factory in the small West African country reported Reuter on Friday.

According to Reuter, Togo’s government confirmed that deal for the projects is about $2 billion dollars. The government also noted that Dangote signed a deal to build a cement factory at a cost of around $60 million and commencement of Construction of the factory will occur in the first three months of 2020 and it will begin producing by the end of next year

The deal is said to be Dangote’s first push into Togo’s economy. His company will be in competition with HeidelbergCement, a company from Germany.

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