Dangote Signs Two Mining Agreements With Togolese Gov’t

Aliko Dangote

November 8, 2019//-The Head of State HE Faure Gnassingbé chaired today in Lomé a signing ceremony of two partnership agreements in the mining sector reached between the Togolese government and Dangote Industries Limited (DIL).

The first agreement covers the development and transformation of the Togolese phosphate phosphatic fertilizers to the West African region. The cost of the mine development project that begins before the end of 2019 is estimated at up to two billion dollars.

The second agreement relates to the establishment of a new cement plant in our country, from the Togolese and Nigerian clinker.

This plant with an annual capacity of 1.5 million tons of cement will allow the Togolese government to meet both local demand than that of neighboring countries.

The construction of this industrial firm start in Q1 2020 and commissioning will occur before the end of next year. The estimated investment of 60 million, will create 500 direct jobs.

These development projects socioeconomic initiated by President Faure Gnassingbe fall under the second pillar of the National Development Plan (NDP 20,182,022).

African Eye Report


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