Business A.M
No Result
View All Result
Thursday, July 2, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Company & Business

Tanzania begins Indorama Nigeria negotiations for East-African fertiliser investment

by Ben Eguzozie
July 2, 2026
in Company & Business
Tanzania begins Indorama Nigeria negotiations for East-African fertiliser investment

Tanzania, whose economy demonstrated robust growth in 2025, recording a GDP expansion of about 5.8 percent, has approached Indorama Fertiliser Limited (IFL), to open a fertiliser plant in the country, according to a report by the company.

In particular, the East African country is negotiating with Indorama Nigeria for a stronger Indorama-Tanzania business ties, which will lead to a fertiliser plant in the country.

Port Harcourt, Rivers State-based fertiliser producer’s valuation is around $3.3 billion, making it one of Sub-Saharan Africa’s most valuable companies outside of South Africa.

Tanzania’s high commissioner to Nigeria, Selestine Gervas Kakele, has made two quick visits to Indorama’s Port Harcourt plant site for high-level discussions on potential investment opportunities in his country.

In the second visit recently, he came with a team of technocrats, including representatives from the Tanzania Investment and Special Economic Zones Authority (TISEZA), Zanzibar Investment Promotion Authority (ZIPA), Petroleum Upstream Regulatory Authority (PURA), Tanzania Fertilizer Regulatory Authority (TFRA), Tanzania Sisal Board (TSB), Tea Board of Tanzania (TBT), Tanzania Building Agency (TBA), and Tanzania Cotton Board (TCB).

Tienabeso Bibiye, the company’s head of corporate communications, said the follow-up visit would accelerate the realization of mutually beneficial investment opportunities.

Bibiye noted that Indorama’s remarkable success in Nigeria could easily be replicated in Tanzania. Abanu Sordum of the process safety management team predicted that, if the talks are finalised, Tanzania could begin seeing tangible benefits within five to 10 years.

A.K. Sharma, head of QAQC at Indorama, in a detailed presentation outlining the complex’s plants, infrastructure, material flow systems, company history, and global expansion explained the company’s olefins, polyethylene (PE), polypropylene (PP), power plants, ammonia and urea production lines (1, 2, and 3), gas processing units, and the fertilizer export jetty at Onne.

According to Akhil Rathore, given Indorama’s growth strategy, there are bright specific investment prospects in Tanzania with valuable economic advantages of local urea production for agriculture and broader development.

Meanwhile, Tanzanian high commissioner Kakele said there will be more Tanzanian visits to broaden their partnership’s potential benefits. There is a clear call to action for Indorama to establish operations in Tanzania in the near future, signalling strong momentum toward deeper bilateral economic collaboration in the fertilizer sector.

With the completion of its third urea production line in mid-2020, Indorama Eleme Fertiliser & Chemicals Limited (IEFCL) Nigeria now has an annual production capacity of 4.2 million metric tonnes (mmtpa) of granular. Each production line produces about 4,000 metric tonnes of nitrogenous fertiliser per day, utilising previously flared natural gas. The company allocates 40–50 percent of its products to Nigerian farmers for domestic food security, while the rest is exported to West Africa, South America, Brazil, Central America and other international markets.

Urea is a key ingredient in agricultural fertilisers. In Nigeria, fertilizer consumption was reported at 94.74% in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. With about 20kg fertilizer usage per hectare, Nigeria on the average, lags behind Morocco, South Africa and Egypt that use over 100kg/hectare. This is also far below the developed countries’ usage rate of over 200kg/hectare. It holds true that there is a correlation between fertiliser usage and crop yield.

Ben Eguzozie
Ben Eguzozie
Previous Post

Sahara Group appoints Soetan as Arahas MD to drive oilfield services transformation across Africa

Next Post

NBC expands manufacturing capacity as Coca-Cola advances $1bn Nigeria investment

Next Post
NBC expands manufacturing capacity as Coca-Cola advances $1bn Nigeria investment

NBC expands manufacturing capacity as Coca-Cola advances $1bn Nigeria investment

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Lagos Free Zone backs industrial growth with investment in STEM talent

Lagos Free Zone backs industrial growth with investment in STEM talent

July 2, 2026
NBC expands manufacturing capacity as Coca-Cola advances $1bn Nigeria investment

NBC expands manufacturing capacity as Coca-Cola advances $1bn Nigeria investment

July 2, 2026
Tanzania begins Indorama Nigeria negotiations for East-African fertiliser investment

Tanzania begins Indorama Nigeria negotiations for East-African fertiliser investment

July 2, 2026
Sahara Group appoints Soetan as Arahas MD to drive oilfield services transformation across Africa

Sahara Group appoints Soetan as Arahas MD to drive oilfield services transformation across Africa

July 2, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Lagos Free Zone backs industrial growth with investment in STEM talent

Lagos Free Zone backs industrial growth with investment in STEM talent

July 2, 2026
NBC expands manufacturing capacity as Coca-Cola advances $1bn Nigeria investment

NBC expands manufacturing capacity as Coca-Cola advances $1bn Nigeria investment

July 2, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M