Economy
Tanzanian Policies Scare Away Investors—Dangote
By Dipo Olowookere
Nigerian businessman, Mr Aliko Dangote, has disclosed that policies in Tanzania have the tendency to drive away investors willing to do business on the country. He warned that something must be done to address this.
In a live interview at the FT Africa Summit on Monday about his relationship with Tanzanian President, Mr John Magufuli, the Africa’s richest man smiled and replied positively, “It’s okay. I can always call him; I have his mobile number, and he listens to me.”
In the chat with Financial Times Editor, Mr Lionel Barber, Mr Dangote noted that Tanzania’s general policies “need to be looked at.”
Sharing his experience as one of Africa’s most prominent investors with operations in 17 countries Mr Dangote explained that policies scare away investors and that once an investor has left “it is very difficult to bring that investor back.”
Mr Dangote was referring to Tanzania’s investment law concerning the extractive industries which requires foreign investors to yield 16 percent “free carried interests” to the government, although he did clarify that this was not applicable to cement.
He pointed out that the policy could lead to others which could dilute control of assets in a country, a concern that is generally factored into corporate decisions on investing in foreign markets.
Mr Dangote’s $620 million investment in a cement factory in Mtwara is among the largest in Tanzania.
“Sometimes it is just a matter of communication,” Mr Dangote said when describing how investors sort out contractual arrangements with foreign governments.
With regard to his $620 million investment in Tanzania, he added “I’m sure we will engage them and try to resolve the issue.”
Tanzanian Investment Minister, Mr Charles Mwijage, responded immediately to charges reported in the Financial Times defending his government’s policies aimed at ensuring Tanzania’s benefits from the country’s resources and underscoring how accommodating the government has been in facilitating Mr Dangote’s project in the country.
Investors at the one-day FT Africa Summit which hosted the live interview with Africa’s most prominent industrialist seemed to agree that Mr Dangote had not “accused” the Tanzanian President, but had only warned that policies need to be clearly defined and investors need to be reassured that their investments are safe.
“There was nothing at all in Mr Dangote’s comments directed to President Magufuli,” one attendee remarked.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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