Nigerian industrial conglomerate, Dangote Group has signed deals to make phosphate into fertiliser and build a cement factory in Togo.
Dangote also signed a deal to build a cement factory at a cost of around $60 million.
Togo’s vast phosphate resources are mostly exported in their raw form, and Dangote’s project would process some of that phosphate to make fertiliser in-country, aiming to export it to the region.
A Statement from Dangote Group revealed that the cost of the project is about $2 billion.
Construction of the factory is set to start in the first quarter of 2020.
The deal marks Dangote’s first push into Togo, setting billionaire Aliko Dangote’s firm up for competition against Germany’s HeidelbergCement, which operates three companies there, and Fortia Cement.