Togo and Dangote join forces to produce phosphate fertilizers
The Togolese government and Aliko Dangote Industries announced on 7 November the conclusion of a partnership to develop a phosphate fertilizer processing industry in Togo.
The project will need an estimated $2bn in investment, which will come from both partners. It should cover part of West Africa’s phosphate fertilizer needs and create several thousand direct jobs. Mining development work is expected to begin before the end of 2019.
The two parties are complementary. For its part, Togo is one of the continent’s leading phosphate producers: the country has more than two billion tonnes of phosphate in its subsoil.