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Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by MrKnowitall: 9:57pm On Oct 07, 2014 |
Africa’s richest man, Aliko Dangote, has announced new plans to invest an undisclosed sum in the development of a major coal mine in Tanzania, even as he continues to expand his business interests across the continent. According to Tanzania’s Guardian newspaper, Dangote revealed his plans last week Thursday when he met Tanzania’s Vice President Dr. Mohammed Gharib Bilal, during the Africa Global Business Forum in Dubai, the United Arab Emirates. Dangote said he plans to invest significantly in the Mbinga coal mine in Tanzania’s southwestern region, as he plans to use the coal to produce energy for use at his cement plant in Mtwara which is currently in construction. When completed, the Dangote Cement plant will produce three million tonnes of cement per year, almost half of the country’s net production. During the Africa Global Business Forum in Dubai, Africa’s richest man, who recently went into an agreement with the Investment Corporation of Dubai to explore other business opportunities across Africa, applauded Tanzania for its favorable investment policies and promised that cement production will commence immediately the plant is completed. “I am sure the southern part of Tanzania will automatically change in terms of economic prospects due to investments in the area,” he said. In a related development, Dangote has reiterated his plan to invest $12 billion in the Nigerian economy. He made this known through his Eid-el-Kabir message which he issued in Lagos on Saturday. Of this amount, he said his Dangote group will invest $2.3 billion in sugar and rice production in Adamawa State in Nigeria’s northern region to create about 180,000 jobs and combat terrorism. Dangote, who wished the Muslims a rewarding festival, also used the opportunity to admonish Nigerian youths to be patriotic and hardworking, and urged them to channel their energy towards nation-building. http://www.forbes.com/sites/mfonobongnsehe/2014/10/05/africas-richest-man-aliko-dangote-to-invest-in-tanzanian-coalmine/ 1 Like
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Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by MrKnowitall: 10:05pm On Oct 07, 2014 |
MrKnowitall:^^^^ This is the reason why the government needs to privatize almost everything. Nigeria's economy is sluggish because the federal government is very incompetent in handling the basic everyday necessities. Road construction, airports, electricity, water, etc... all needs to be privatize. 4 Likes |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Pavore9: 5:23am On Oct 08, 2014 |
Tanzania? l hope they buckle up o, people whey no dey take their sleep dey play, how person go dey comfortable for im house as at 9a.m and still never open im shop, person whey dey sell bread, milk, sugar etc? 5 Likes |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Nobody: 9:16am On Oct 08, 2014 |
Proudly Africa,the youths must believe in Africa,we mustn't lose hope. |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by sammieguze(m): 9:17am On Oct 08, 2014 |
I 'd have said charity begins at home if not coz he has already invested heavily in Nigeria already. We need more though |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Idrismusty97(m): 9:17am On Oct 08, 2014 |
In a related development, Dangote has reiterated his plan to invest $12 billion in the Nigerian economy.I hope the bulk of that money wouldn't be spent on the oil sector … That sector have enough investment already, We need to diversify! He made this known through his Eid-el- Kabir message which he issued in Lagos on Saturday. Of this amount, he said his Dangote group will invest $2.3 billion in sugar and rice production in Adamawa State in Nigeria’s northern region to create about 180,000 jobs and combat terrorism.Great! More of our wealthiest individuals at home and abroad should come in and help diversify our economy and that of Africa in general. Dagote is doing a great job. The way this man is spreading his tentacles in a few years he might just be the richest man in the world. More power to your elbow Dagote. Agriculture sector is well taken care of now, Automobile and manufacturing sector is next! 6 Likes |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by QMark: 9:18am On Oct 08, 2014 |
Tanzanian Coal Mine? When we have so many minerals buried under our soil in commercial quantity. I weep for my country. I know this crude oil will finish one day sha. I don't blame Dangote for investing in Tanzania. The businessman in me would do the same under similar situation. In commercial quantity, we have the following, but since crude oil is enough to meet our govt. official's pocket need, they see no reason to develop the other sectors that will take a time outside their political tenure to start yielding money. And you say Nigeria will get there? I love this country so much, but i don't think we will get there, at least not in the next 20 years. Don't get me wrong, I am still a proud Nigerian, even if I have to continue to force myself to be. I just haven't seen any step forward, and I can't continue to lie to myself that we will get there when nothing yet shows that we are on our way there. ABUJA - Marble - Clay - Tentalite - Cassiterite - Dolomite ABIA STATE - Gold - Salt - Linestone - Lead/Zinc ADAMAWA STATE - Kaolin - Bentonite - Gypsium - Magnesite AKWA IBOM STATE - Lead/Zinc - Clay - Limestone ANAMBRA STATE - Lead/Zinck - Clay - Limestone - Iron-Ore - Salt - Glass-Sand - Phosphate - Gypsium BAYELSA STATE - Clay - Limestone - Manganese - Lignite BAUCHI STATE - Amethst (violet) - Gypsium BENUE STATE - Lead/Zinc - Limestone - Iron-Ore - Coal - Clay - Marble - Sakt - Gem stones - Gypsium BORNO STATE - Diatomite - Clay - Limestone - Hydro-carbon (oil and gas) Partially investigated) - Gypsium - Kaolin - Bentonite CROSS RIVER STATE - Limestone - Uranium - Manganese - Lignite - Lead/Zinc - Salt DELTA STATE - Marble - Glass Sand - Gypsium - Lignite - Iron-Ore - Kaolin EBONYI STATE - Lead - Gold - Salt EDO STATE - Marble - Lignite - Clay - Limestone - Iron Ore - Gypsium - Glass-sand - Gold - Dolomite Phosphate - Bitumen EKITI STATE - Kaolin - Feldsper - Tatium - Granite - Syenite ENUGU STATE - Coal - Linestone - Lead/Zinc GOMBE STATE - Gemstone - Gysium IMO STATE - Kead/Zinc - Limestone - Lignite - Phosphate - Marcasite - Gypsium - Salt JIGAWA STATE - Butytes KADUNA STATE - Sapphire - Kaoline - Gold - Clay - Surpentinite - Asbestos - Amethyst - Kyanite - Aqua marine - Ruby - Rock Crystal - Topaz - Flosper - Tourmaline - Gemstone - Tentalime KANO STATE - Prrochinre - Cassiterite - Copper - Glass – Sand - Gemstone - Lead/Zinc - Tantalite KATSINA STATE - Kaolin - Marble - Salt KEBBI STATE - Gold KOGI STATE - Iron-Ore - Kaolin - Gypsium - Feldsper - Goal - Marble - Dolomite - Talc - Tantalite KWARA STATE - Gold - Marble - Iron-Ore - Cassiterite - Colubite - Tantalite LAGOS STATE - Glass-sand - Clay - Bitumen NASARAWA STATE - Beryl (emerald) - Asquamirine and - Haliodor) - Dolomite/Marble - Sapphire - Tourmaline - Quartz- Amethyst (Topaz, gamet) - Zireon - Tantalite - Cassiterite - Columbite - Limenite - Galena - Iron-Ore - Barytes - Feldspar - Limesstone - Mica - Cooking coal - Talc - Cay - Salt - Chalcopyrite NIGER STATE - Gold - Talc - Lead/Zinc OGUN STATE - Phosphate - Clay - Kaolin - Limestone - Germstone - Bitumen ONDO STATE - Bitumen - Kaolin - Gemstone - Gypsium - Feldspar - Granite - Clay - Glass-sand - Dimesion stones - Limestone - Coal OSUN STATE - Gikd - Talc - Toumaline - Toumaline - Colimbite - Granite OYO STATE - Kaoline - Marble - Clay - Sillimnote - Talc - Gold - Cassiterite - Aqua Marine - Dolomite - Gemstone - Tantalite PLATEAU STATE - Emerald - Tin - Marble - Granite - Tantalite/columbit - Lead/Zinc - Barytes - Irton-Ore - Kaolin - Belonite - Cassiterrite - Phrochlore - Clay - Coal - Wolfam - Salt - Bismuth - Fluoride - Molybdenite - Gemstone - Bauxite RIVER STATE - Glass-sand - Clay - Marble SOKOTO STATE Kaolin - Gold = Limestone - Phosphate - Gpsium - silica-sand - Clay - Laterrite - Potash - Flakes - Granite - Gold - Salt TARABA STATE - Kaolin - Lead/Zinc YOBE STATE - Tintomite ZAMFARA STATE - Goal - Cotton - Gold 27 Likes 1 Share |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by DaBozz(m): 9:18am On Oct 08, 2014 |
#JokeOfTheDay: QUESTION: If you're dating a girl and suddenly you meet Dangote's daughter in a function and she's interested in you and wants to settle down with you. Would you break up with your babe? AKPORS: Sighting Dangote's daughter is already a function, I've already broken up with my family not to talk of my girlfriend. 10 Likes 1 Share |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Nobody: 9:19am On Oct 08, 2014 |
Dude be buy up places,aiming to becoming the world richest by 2020,bill gates & carlos slim should watch out. 2 Likes |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Superstar007(m): 9:19am On Oct 08, 2014 |
My main Aboki. Dangote's daughter cheated on me and you say I should break up? Don't you know that Love is all about forgiveness. 12 Likes |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Dexpro: 9:20am On Oct 08, 2014 |
Too much money.... |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Calculia: 9:22am On Oct 08, 2014 |
There is coal in Enugu, he is going to invest Nigeria money in Tanzania... ain't dat funny? Yet he talk about one Nigeria? Which way nau? 14 Likes |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by maluyi77(m): 9:22am On Oct 08, 2014 |
No b today I knw, saw d plant 2 yrs back while I over there |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Nobody: 9:22am On Oct 08, 2014 |
I just love this man and the way he does his business. |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by uken73(m): 9:23am On Oct 08, 2014 |
Naija dominating Africa.
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Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Donkaz(m): 9:23am On Oct 08, 2014 |
Dats gud |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Babyboy1986(m): 9:24am On Oct 08, 2014 |
Ok |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Babyboy1986(m): 9:25am On Oct 08, 2014 |
Mumu u no get work. Superstar007: 1 Like |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by lilprinze: 9:27am On Oct 08, 2014 |
Dangote making Nigerian and Africa proud since 1960 |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by CharlieMaria(m): 9:27am On Oct 08, 2014 |
OK. Dey go we dey come. |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Nicepoker(m): 9:27am On Oct 08, 2014 |
sauceny:and u think they too r sleeping. 4 Likes |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by TeamclicksAir: 9:27am On Oct 08, 2014 |
more money |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Geenet: 9:28am On Oct 08, 2014 |
sauceny:Well said. |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by iceberylin(m): 9:28am On Oct 08, 2014 |
TeamclicksAir: |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Adenugay(m): 9:29am On Oct 08, 2014 |
ok, we done hear |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Calculia: 9:30am On Oct 08, 2014 |
. |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by datguru: 9:31am On Oct 08, 2014 |
GOOOOOd |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by harmless011: 9:31am On Oct 08, 2014 |
Good |
Re: Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine by Nobody: 9:32am On Oct 08, 2014 |
Nicepoker: Nope,they ain't sleeping as well,but Dangote has an upper hand than they do,dude is coming up with top speed. Africa is yet to be tapped & thats what the dude is aiming for. 1 Like |
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