Home BUSINESS Dangote clashes with Tanzania’s ‘Bulldozer’

Dangote clashes with Tanzania’s ‘Bulldozer’

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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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