Dangote Cement is set to complete 5 new plants in 5 countries across Africa.
The new plants are
- the 1.5mmtpa plant in Zambia,
- the 1.5mmtpa plant in Tanzania,
- the 1.5mmtpa plant in Republic of Congo,
- the 1.5mmtpa plant in Gabon, and
- the 3mmtpa plant in South Africa.
According to the Group President and Chief Executive, Dangote Group, Aliko Dangote, the plants will add about 13.5 million metric tonnes of cement per annum to the existing capacity, when completed.
Dangote said that the group’s core business focus was to provide local value-added products and services that met the basic needs of the populace through construction and operation of large-scale manufacturing facilities across Africa.
According to him, the group is focused on building local manufacturing to generate employment, prevent capital flight and provide locally-produced goods for the people.
“The developmental challenges of Africa are quite tremendous. According to a report by the McKinsey Global Institute issued in June 2010, Africa requires at least $46bn in spending annually to meet infrastructural needs. It is obvious that African governments alone cannot hope to meet this demand due to the various competing needs in other aspects of the economy.”
