Home BUSINESS Dangote clashes with Tanzania’s ‘Bulldozer’

Dangote clashes with Tanzania’s ‘Bulldozer’


Aliko Dangote

Africa’s richest man Aliko Dangote has criticised Tanzanian President John Magufuli for scaring away foreign investors, reports the Financial Times.

Mr Dangote highlighted a plan to allow the government to take 16% of an investor’s assets for free, says the FT.

The newspaper goes on to explain that the Nigerian businessman Mr Dangote is one of the biggest investors in Tanzania and has built a $650m (£494m) cement plant in Tanzania.

The mining laws have already changed this year and the president has accused international miners of under-reporting how much they were exporting from the country.

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Acacia Mining and Petra diamonds are among the companies that have reduced their operations since the changes.

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