Dangote Industries to spend $2bn on Togo phosphate project
The firm will mine an estimated two-billion tonnes of phosphate in Togo for processing as much as one-million tonnes of fertiliser a year at a Lagos facility
08 November 2019 - 17:03
Accra — Dangote Industries will invest in a $2bn (R29.5bn) phosphate project in Togo, positioning itself to become a main supplier of fertiliser in West Africa.
The company controlled by Nigerian billionaire Aliko Dangote will mine an estimated two-billion tonnes of phosphate in nearby Togo for processing as much as one-million tonnes of fertiliser a year at a new complex in Lagos, according to a joint statement by the company and the Togolese presidency...
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