Africa's richest man Dangote opens Nigeria tomato factory to vie with Chinese imports

Aliko Dangote, Chairman, Dangote Group

Dangote Group, owned by Africa’s richest man Aliko Dangote, opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China.

“We have fully started operations today and the target is 1,200 metric tons per day,” Abdulkareem Kaita, managing director of Dangote Farms Ltd., which runs the plant, said Tuesday in interview. “We are going to work with the farmers, they can afford to produce more because there’s a processing factory and they don’t have to suffer losses like they did before.”

The plant that will produce 1,200 metric tons per day was built following a 2011 Central Bank of Nigeria study that showed it was cheaper to process tomato paste locally than import from China, the source of about 300,000 tons a year worth $360 million.

Read more: Dangote Opens Nigeria Tomato Factory to Vie With Chinese Imports – Bloomberg Business