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aliko dangote - is he delaying the togo bid?

  1. 21 Posts.
    Hi All,

    Just saw an interesting African Intelligence teaser (or not so intelligent) that Aliko Dangote "might not be completely unconnected" (good old double negative) to the bids:

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    Aliko Dangote

    Nigerian billionaire Aliko Dangote might not be completely unconnected to a delay in examining bids in a tender to award a contract to develop Togo's carbonated phosphates. More than three years after the competition was officially launched, the (...) [223 words]

    MENTIONED IN THIS ARTICLE: Aliko Dangote | World Bank | International Monetary Fund | Balamara Resources | Elenilto | Coromandel Getax Phosphate | Faure Gnassingbe | Dammipi Noupokou

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    Does anyone have a subscription to this publication?

    Doing a search on Aliko Dangote and Togo Phosphate there were a couple of articles from last year:
    http://www.huhuonline.com/index.php/business/966-aliko-dangote-attracted-to-togolese-mining-sector


    and this (google translated from French):

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    Dangote Group, Nigeria's giant cement, agro-food, textile and infrastructure explores investment opportunities in Togo where he wants to work with the government in two main areas: phosphates and energy.

    Monday, February 4, 2013, at the end of an audience with Togolese President Faure Gnassingbé, Aliko Dangote said: "We mainly discussed energy and we are committed to continue for more details. "

    The Togo aims to develop the phosphate sector by exploiting carbonate reserves doubled the development of a phosphoric acid plant and parallel research out of its energy dependence to solve the problems of electric power.

    According to the national newspaper, the Dangote group "wants to invest" in the phosphate, energy and infrastructure are some of the key sectors in the revival of the Togolese economy for strong economic growth in the coming years.

    Dangote, already present in several African countries would be a reliable ally in the context of regional development without involving Western and Chinese companies. These cases will be more visible on the continent in the coming years with the entry of some large African groups in the world and capable of competing with large global competition.

    Aliko Dangote is the largest economy on the continent, it is among the 100 largest world powers and employs several thousand people in Nigeria but also in Cameroon, Zimbabwe ...

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    I'm not sure there is any truth to this or if it is just speculation from African Intelligence, but would like to know others thoughts on this.
 
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