Dangote Group plans to invest a mega fertilizer plant in Tanzania

Geza Ulole

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Oct 31, 2009
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Dangote impressed by dramatic change in Tanzania's business environment

Dangote pic

President Samia meets Nigerian businessman Aliko Dangote at State House, Dar es Salaam.

Dar es Salaam. President Samia Suluhu Hassan has on Monday May 24, met Africa’s richest man and Nigerian Billionaire Aliko Dangote at State House, Dar es Salaam

Speaking after the talks with President Samia, Dangote who has business interests across Africa including Tanzania called on other businessmen to invest in the country since the environment is conducive.

“The business environment has changed dramatically, things have opened up but wherever that I go I will be Tanzania’s ambassador and I will tell people to come and invest here,” he said.

Alhaji Aliko Dangote whose investment in Tanzania is worth $770 million USD (1.761 trillion shillings) with a huge investment in cement manufacturing said he intends to establish a fertilizer factory in the country.

Speaking on what they discussed with President Samia, Dangote said: I promised her that we shall continue investing in Tanzania to create jobs, wealth and prosperity for the people of Tanzania... I think she needs that support, we shall continue to invest in a large scale in Tanzania to support what she is doing, she can only do policies and we shall create the jobs,”

angote pic1

President Samia meets Nigerian businessman Aliko Dangote at State House, Dar es Salaam.

On her part, President Samia congratulated Dangote on the investment he has done in the country and she has assured him that the government will protect him and other investors.

President Samia has instructed Minister of Trade and Investment, Prof. Kitila Mkumbo, Minister of Investment, Geoffrey Mwambe and Deputy Minister of Finance and Planning, Hamad Masauni to make sure the challenges facing the Dangote industry are dealt with to make sure it continues with production as desired.

- Dangote impressed by dramatic change in Tanzania's business environment

The investment decision in Tanzania comes after this..

Business mogul Dangote faults Kenya over corruption

Business mogul Dangote faults Kenya over corruption
Africa’s richest man Aliko Dangote has faulted Kenya’s leadership for their greed and persistent failure to place matters of national interest first when it comes to development.

Speaking to a renowned Kenyan journalist Jeff Koinange, he shelved his plans to build a mega cement factory in Kenya after being put off by top decision makers in the country whom he described as “more corrupt than Nigerians.”

Speaking on his breakfast show in a local FM station, Jeff shared a private conversation he had with Dangote when he attended the billionaire’s daughter’s wedding in Nigeria last month.

“I asked him, ‘Al Hajj when are you coming back to Kenya?’ and he said ‘Jeff, there are people in that place (Kenya) who put greed and personal interest ahead of national interest. I didn’t think Kenya would be more corrupt that Nigeria.‘” Koinange narrated on air.

Dangote, who has been estimated to be Sh1.5 trillion by Forbes, visited Kenya in September 2013 as part of a high-powered delegation of 50 wealthy Nigerian businessmen accompany the country’s then president President Goodluck Jonathan.

The Nigerian tycoon recently pushed the factory’s entry to Kenya to 2021, having earlier planned to build a cement factory in the local market next year.

Dangote is widely known for using lower pricing to gain market share in new markets and its delayed entry will give some reprieve to existing players in a market that is already witnessing stiff competition.



Aliko Dangote: Kutoka kuikosoa Tanzania kimataifa mpaka kuahidi uwekezaji zaidi na kuitangaza​

25 Mei 2021, 07:38 EAT
Dangote na Rais Samia

CHANZO CHA PICHA,IKULU, TANZANIA

Mwezi Oktoba mwaka 2017, akiwa katika mkutano mkubwa wa wakezaji jijini London, bilionea wa Nigeria Aliko Dangote alikosoa vikali sera za uwekezaji nchini Tanzania.

Maneno aliyoyasema Dangote wakati huo na aliyoyasema jana akiwa Ikulu jijini Dar Es Salaam ni tofauti kabisa, na yawezekana yakaendeleza mjadala wa utofauti baina ya rais wa sasa wa Tanzania Bi Samia Suluhu Hasssan na mtangulizi wake hayati John Pombe Magufuli.

Katika mkutano huo ulioandaliwa na jarida maarufu la habari za biashara, The Financial Times, Dangote ambaye wakati huo alikuwa tayari ameshafanya uwekezaji mkubwa wa kiwanda cha saruji Tanzania alisema sera za uwekezaji nchini humo zinawaogopesha wawekezaji kutoka nje.

Dangote pia alimuonya aliyekuwa rais wa Tanzania wakati huo hayati John Magufuli kuwa wakati umefika "kuzipitia upya sera zake ama akubali kuingia katika hatari ya kuwapoteza wawekezaji wote nchini humo."

Aliko Dangote.

CHANZO CHA PICHA,IKULU, TANZANIA
Maelezo ya picha,
Miaka minne baada ya kukosoa vikali sera za uwekezaji Tanzania, Dangote asema atashawishi wawekezaji kurejea nchini humo.

"...sheria mpya zinazoundwa Tanzania zinaiweka nchi hiyo kwenye hatari ya kuwafukuza wawekezaji wote na kushindwa kuwarejesha tena," alisema Dangote.
Wakati akiyasema hayo, hayati Magaufuli alikuwa yupo katika kile alichokiita vita ya kiuchumi ambapo awali mwaka huo alianzisha uchunguzi wa kina katika sekta ya madini na 'kubaini uhalifu mkubwa' ambao ulisababishwa kuundwa kwa sheria mpya ya madini.
Mwisho wa mzozo huo wa madini ukazaa maafikiano na kampuni kubwa ya madini ulimwenguni ya Barrick na kuunda kwa pamoja na serikali kampuni mpya ya kuchimba madini ya Twiga.

'Milango imefunguka'​

Mara baada ya kuingia madarakani mwezi Machi mwaka huu kufuatia kifo cha Magufuli, Rais Samia hakumung'unya maneno kuhusu hali ya uwekezaji nchini humo.

Dangote akutana na Rais Samia

CHANZO CHA PICHA,IKULU, TANZANIA
Maelezo ya picha,
Dangote akutana na Rais Samia na kusema mambo yamebadilika Tanzania

Katika hotuba zake za mwanzo, alikemea ubabe wanaofanyiwa wawekezaji pamoja na kutotabirika kwa sera za uwekezaji pamoja na kodi.

Rais Samia pia alizungumzia suala la kupewa vichocheo (incentives) kwa wawekezaji wakubwa ili walete miradi nchini Tanzania.
Baadhi ya wachambuzi wa masuala ya biashara na uchumi wanaamini kuwa kulikuwa na mvutano baina ya Dangote na serikali ya Magufuli katika utekelezwaji wa vichocheo ambavyo mwekezaji huyo aliahidiwa na aliyekuwa rais wa Tanzania Jakaya Kikwete ambaye ndiye alimkaribisha Tanzania.

Akiwa Ikulu jana, Dangote amesema kuwa: "mazingira ya kibiashara yamebadilika ghafla na milango imefunguka... na sasa popote pale nitakapokwenda nitainadi Tanzania na kuwaambia watu kuwa mambo yamebadilika na kila mmoja arejee na kuwekeza kwa nguvu."
"Nimempongeza (Rais Samia) kwa mabadiliko muhimu anayoyaleta ... Tutaendeea kuwekeza Tanzania ili kuzalisha ajira, mapato ya nchi na kuinua ustawi wa wananchi, nadhani anahitaji kuungwa mkono katika hili na tumemuahidi kuwa tutaendea kuwekeza kwa kiasi kikubwa hapa Tanzania."


======

MY TAKE:
Kwa gesi tuliyonayo kule Mtwara naona Dangote akiwekeza $500 mln mpaka $1 bln. Wajaribu kumshauri awekeze kwenye sukari pia na umeme wa makaa ya mawe maana viwanda vyake vya cement vinahitaji fly ash kama ingredient!
 

FACT CHECK: Dangote Never Promised To Transfer His Assets To US​


FACT CHECK: Dangote Never Promised To Transfer His Asset To US


Earlier today (Monday, May 24, 2021), a Twitter user by the username –@maxvayshia, stirred an uproar on social media, after crediting a statement to business magnate, Aliko Dangote.

The statement which later turned out to be falsified read: “Dangote don JAPA! He has lost hope in this country. A whopping 60% of his assets being transferred to the US for investment? To protect his wealth and secure that of his children? Mahd oo. Face with tears of joy.”



Newsrand, in its findings, discovered that the Twitter user was referring to Dangote’s interview with American businessman David Rubenstein on Bloomberg.

Amongst the things Dangote spoke about in the course of the interview, was extending the footprint of the Dangote Industries, to the United States (US).

As a business tycoon who prides himself on putting people first, Dangote referred to the conglomerate, in the course of the interview, saying the move to extend to the US would be to diversify the company’s wealth.

“We are going to start investing in the United States… we want to open a family office both in New York and in London. We already have an office in London which has been operating for the last thirty years. So, we want to turn part of that, you know, as a family office so that we can diversify the wealth. As you know, I’ve discussed this with you before where, you know, sometimes in Africa you have issues of devaluation, you know, you know; we want to preserve some of the family’s world right now,” he stated in the interview monitored by this publication.

While maintaining that he’s bullish about his investments in Africa, including Nigeria, Dangote said he’s committed to advancing the Dangote Industries brand, such that its annual revenue would grow by 75%.

“It is a brand building and like what you have planned to do, we’re not going to remain dominant only in Africa. We also invest outside Africa because of what we are doing right now? As it is now, we are investing mainly in sub-Saharan Africa. But if you look at what we’re building today, we have a company that has revenues of $4 billion, and in the next two years, we will have a company that will have a revenue of about $30 billion. So, with that, we’ll have quite a lot of money, such that we will use a major part of that to invest outside Africa and maybe 40% of it to continue to invest in Africa…” he added.



 
Siku zote mwanamke anaweza kuendeleza biashara na ikadumu kwa miaka na miaka kumzidi mwanaume.

Wajane wa kike wanaishi mpaka uzeeni baada ya kuondokewa na waume kulinganisha na wa kiume.
 
Active mambo kama haya ambayo hayahusu Kenya yaondolewe na kupelekwa kunakostahili
Hii inahusu Kenya!

Business mogul Dangote faults Kenya over corruption​


Business mogul Dangote faults Kenya over corruption

Africa’s richest man Aliko Dangote has faulted Kenya’s leadership for their greed and persistent failure to place matters of national interest first when it comes to development.

Speaking to a renowned Kenyan journalist Jeff Koinange, he shelved his plans to build a mega cement factory in Kenya after being put off by top decision makers in the country whom he described as “more corrupt than Nigerians.”

Speaking on his breakfast show in a local FM station, Jeff shared a private conversation he had with Dangote when he attended the billionaire’s daughter’s wedding in Nigeria last month.

“I asked him, ‘Al Hajj when are you coming back to Kenya?’ and he said ‘Jeff, there are people in that place (Kenya) who put greed and personal interest ahead of national interest. I didn’t think Kenya would be more corrupt that Nigeria.‘” Koinange narrated on air.

Dangote, who has been estimated to be Sh1.5 trillion by Forbes, visited Kenya in September 2013 as part of a high-powered delegation of 50 wealthy Nigerian businessmen accompany the country’s then president President Goodluck Jonathan.

The Nigerian tycoon recently pushed the factory’s entry to Kenya to 2021, having earlier planned to build a cement factory in the local market next year.

Dangote is widely known for using lower pricing to gain market share in new markets and its delayed entry will give some reprieve to existing players in a market that is already witnessing stiff competition.

 

Samia assures Dangote that investments are protected

ippmedia.com/en/news/samia-assures-dangote-investments-are-protected

May 25, 2021
Home

25May 2021
By Guardian Reporter
Dar es Salaam
News
The Guardian

Samia assures Dangote that investments are protected

PRESIDENT Samia Suluhu Hassan yesterday tasked top cabinet officials to work on challenges facing the Mtwara based—Dangote cement factory to facilitate smooth operations.

DANGOTE.jpg

President Samia Suluhu Hassan exchanges greetings at State House in Dar es Salaam yesterday with Aliko Dangote, owner of Dangote Industries Tanzania Limited. The firm, one of over a dozen Dangote Cement subsidiaries in ten African countries, operates a cement plant just outside Mtwara municipality. According to American business magazine Forbes, the 64-year-old Nigerian business magnate is Africa’s richest person for the tenth year running. Photo: State House

Those tasked are the Minister for Investments, Geoffrey Mwambe, the Deputy Minister for Finance and Planning Hamad Masauni, and Prof Kitila Mkumbo who heads the Industry and Trade portfolio.

The president gave these instructions during a meeting with the cement factory owner, leading Nigerian industrialist Aliko Dangote at the State House in Dar es Salaam, underlining that the factory’s continued operations are vital for the country’s economic benefit, especially in job creation and easing access to cement, keeping prices low.

She commended Dangote for the huge investment in cement production amounting to $770m (1.761trn/-), emphasizing that the government is determined to protect Dangote’s investments as well as other investors’ projects for mutual benefit.

The investor applauded President Samia for her continued efforts in improving the country’s business and investment environment, promising to extend his investments by establishing new projects including the construction of a fertilizer plant.

“We will continue investing in Tanzania to create jobs and revenues which are crucial for the improvement of Tanzanians’ welfare. We need to support the president in her endeavors; we will continue to invest in Tanzania in support of what she has been doing, but also to create jobs,” he declared.

He similarly pledged to exercise his influence upon his business partners to invest in Tanzania due to government assurance on the protection of their investments and improved investment climate.

In the first half of 2018, Dangote suspended operations in its Mtwara plant due to the high cost of fuel for its diesel generators after the Tanzanian government banned the importation of coal from South Africa.

In September 2018, Dangote Cement started running its Mtwara plant on gas instead of coal, posting a 172 per cent rise in cement sales to 543,000 tonnes in the first half of 2019, up from 200,000 tonnes in the same period in 2017.

Last month ministers Mwambe and Prof Mkumbo met with the Dangote Cement management in the latest attempt to resolve striking workers’ demands, touching on salaries, travel allowance and traffic fines imposed on motorists for damaged vehicle. They are also demanding employment contracts and supply of travel canvas.

Initially the factory management held a reconciliation meeting with the drivers at a meeting organised by the regional commissioner and agreed to pay road fines, install tarpaulins and raise transport allowances.
 
Hii inahusu Kenya!

Business mogul Dangote faults Kenya over corruption​


Business mogul Dangote faults Kenya over corruption

Africa’s richest man Aliko Dangote has faulted Kenya’s leadership for their greed and persistent failure to place matters of national interest first when it comes to development.

Speaking to a renowned Kenyan journalist Jeff Koinange, he shelved his plans to build a mega cement factory in Kenya after being put off by top decision makers in the country whom he described as “more corrupt than Nigerians.”

Speaking on his breakfast show in a local FM station, Jeff shared a private conversation he had with Dangote when he attended the billionaire’s daughter’s wedding in Nigeria last month.

“I asked him, ‘Al Hajj when are you coming back to Kenya?’ and he said ‘Jeff, there are people in that place (Kenya) who put greed and personal interest ahead of national interest. I didn’t think Kenya would be more corrupt that Nigeria.‘” Koinange narrated on air.

Dangote, who has been estimated to be Sh1.5 trillion by Forbes, visited Kenya in September 2013 as part of a high-powered delegation of 50 wealthy Nigerian businessmen accompany the country’s then president President Goodluck Jonathan.

The Nigerian tycoon recently pushed the factory’s entry to Kenya to 2021, having earlier planned to build a cement factory in the local market next year.

Dangote is widely known for using lower pricing to gain market share in new markets and its delayed entry will give some reprieve to existing players in a market that is already witnessing stiff competition.

Na hio cement yake msidhani mtakuja kuiexport Kenya. Hatutawaruhusu kuuwa industries zetu.
 
Na hio cement yake msidhani mtakuja kuiexport Kenya. Hatutawaruhusu kuuwa industries zetu.
Iliua ARM cement hapa Tanzania! kwa hiyo una-expect tukubali cement yenu ya wale ponjoro wa Devki national cement kutoka India sio?

Mama anapaswa kuiga huu mtindo wa ku-protect Tanzanian companies dhidi ya Kunyaland kama mnai-protect Devki dhidi ya Dangote basi pia mama anapaswa kum-protect Rostam Aziz dhidi ya kampuni za Kunyaland!

 
Iliua ARM cement hapa Tanzania! kwa hiyo una-expect tukubali cement yenu ya wale ponjoro wa Devki national cement kutoka India sio?

Mama anapaswa kuiga huu mtindo wa ku-protect Tanzanian companies dhidi ya Kunyaland kama mnai-protect Devki dhidi ya Dangote basi pia mama anapaswa kum-protect Rostam Aziz dhidi ya kampuni za Kunyaland!


Nani amewakataza kuprotect industries zenu?
 
Active mambo kama haya ambayo hayahusu Kenya yaondolewe na kupelekwa kunakostahili
You see how it involves Kenya




WOOING INVESTORS​

Africa’s richest man Dangote vows to invest more in Tanzania​


by KEVIN CHERUIYOT
Online Journalist

News
25 May 2021 - 12:47

In Summary
• He said on Monday that the firm has invested $770 million in Tanzania through its cement plant in Mtwara.
• Dangote added that the firm will also invest in other sectors in the country, including the plans to have a firm fertilizer in Tanzania.

Tanzanian President Samia Suluhu and Nigerian business mogul Aliko Dangote during a discussion on Monday at Dar es Salaam State House.
Tanzanian President Samia Suluhu and Nigerian business mogul Aliko Dangote during a discussion on Monday at Dar es Salaam State House.
Image: DAR ES SALAAM STATE HOUSE

Aliko Dangote, the CEO of Dangote Group, has said his firm will invest more in Tanzania.

This is after he held a meeting with President Samia Suluhu.

The businessman paid a courtesy call to Suluhu on Monday at the Dar es salaam State House, where they had a discussion on various issues.

According to Forbes, Dangote is Africa's richest person worth $11.1 billion.

He is the founder and chair of Dangote Cement, which is the continent's largest cement producer.

Dangote owns 85 per cent of publicly traded Dangote Cement through a holding company.

He said on Monday that the firm has invested $770 million in Tanzania through its cement plant in Mtwara.

Dangote added that the firm will also invest in other sectors in the country, including the plans to have a firm fertilizer in Tanzania.

“We will continue to invest in Tanzania so as to create more jobs, country’s income tax and to boost the lives of the locals…we have promised that we will continue to invest more in Tanzania,” Dangote said.

Tanzanian President Samia Suluhu and Nigerian business mogul Aliko Dangote.
Tanzanian President Samia Suluhu and Nigerian business mogul Aliko Dangote.
Image: STATE HOUSE, Dar es Salaam

He said that due to the favourable business working environment in the country, he will convince more investors to invest in Tanzania.

Suluhu applauded the businessman for his investment in the country and promised that his business as well as investments from others is secured for the benefit of all people.

The president directed the concerned ministers to solve some of the challenges that have been facing and hindering Dangote’s company from producing to its maximum.

 

Nigerian cement volumes climb to record levels for Dangote in 1Q21​

Nigerian cement volumes climb to record levels for Dangote in 1Q21
03 May 2021


Dangote Cement's Nigerian operations sold over 4.9Mt, including exports, up 22.2 per cent on the 4Mt sold in 1Q20. This represents the highest quarterly volume sold from the company's Nigerian operations. When looking at the domestic sales alone, our Nigerian operations sold 4.8Mt, up 18.7 per cent YoY.

While the company's ex-factory prices have remained stable since the end of 2019, revenues for Dangote’s Nigerian operations increased by 33.7 per cent to NGN239.7bn. In Nigeria, Dangote achieved a record quarterly EBITDA of NGN157.9bn at a margin of 65.9 per cent excluding central costs and eliminations (2020: NGN103.4, 57.6 per cent).

Nigeria's strong performance was enhanced by economies of scale from the ramp-up of the new and efficient Obajana Line 5 and resumption of the Gboko plant at the end of 2020. Although clinker exports were paused to meet the rapidly growing local demand, Dangote continued road cement exports in 1Q21.

Pan-African results
Pan-African operations sold just under 2.6Mt of cement in 1Q21, up 13.4 per cent on the 2.3Mt sold in 1Q20. Including clinker, Pan-African volumes came in at 2.61Mt. The total Pan-African volume represents 34.7 per cent of group volumes. Pan-African revenues of NGN93.0bn were 33.1 per cent higher than 1Q20 and represented 28 per cent of total group revenues.

Dangote estimates the total market for cement in Cameroon to have been about 940,000t in the first three months of 2021, up 11 per cent from the 1Q20. The Douala grinding plant sold over 360,400t of cement in the 1Q21, a 16 per cent increase on the 311,700t sold in the 1Q20.

The total market for cement in Congo is estimated by Dangote to have been about 197,000t in the first three months of 2021. Dangote’s Mfila plant sold 116,100t of cement in the 1Q21, up 57 per cent compared to the 1Q20.

Ethiopia's market was estimated at just under 1.9Mt in the first three months of 2021. Sales at the Mugher factory were 533,300t in the 1Q21, down four per cent YoY, mainly due to maintenance operations in the 1Q21, stated Dangote.

Ghana's market sales were estimated at 1.8Mt in the 1Q21. Dangote Cement Ghana sold 146,800t of cement in the quarter up 18 per cent on 1Q20.

In the 1Q21, the Senegalese market had cement sales of over 2Mt (including exports). Sales from the Pout plant increased by six per cent from 407,200t in 1Q20 to 432,300t in the 1Q21, making Senegal one of Dangote's best performing markets.

Sierra Leone's market consumed about 304,000t of cement in the 1Q21. Dangote Cement sold 93,600t during the period, an increase of 39 per cent from the 67,400t achieved in the 1Q20. Dangote’s market share for the first quarter was 31 per cent.

The company's South African sales volume for the 1Q21 increased by six per cent, while in Tanzania the Mtwara factory sold 313,000t of cement in the 1Q21, including clinker sales of 26,500t increasing market share from 18 per cent in 1Q20 to 22 per cent in the 1Q21.

Finally, Zambia’s market is estimated at 549,000t in the 1Q21. Dangote's Ndola factory sold 196,800t of cement, up 47 per cent from 134,300t in the 1Q20. This raised the company’s market share to 36 per cent.

Published under Cement News

 
The CEO trying really hard to show case is brilliance to his fellow wanamgambo.
Poor fella.
 

President Samia approach attracts investors​

TUESDAY MAY 25 2021​



angote pic1

President Samia meets Nigerian businessman Aliko Dangote at State House, Dar es Salaam.

Summary

  • Aliko Dangote - whose net wealth is estimated to be $11.1 billion - held discussions with Tanzania President Samia Suluhu Hassan yesterday where he pledged to continue investing in Tanzania


Alfred pic

By Alfred Zacharia
More by this Author

Dar es Salaam. President Samia Suluhu Hassan’s pro-business approach is increasingly attracting investors, with the latest one being Africa’s richest man, Mr Aliko Dangote.

Mr Dangote, whose net wealth is estimated to be $11.1 billion, held discussions with President Hassan yesterday where he pledged to continue investing in Tanzania.

With his cement firm in Mtwara, Mr Dangote has already injected $770 million (Sh1.76 trillion) into Tanzania’s economy.

During the meeting Mr Dangote pledged to diversify his investment from cement production to other areas, thanks to the improved business environment.

A State House statement, signed by the Director of Presidential Communications, Mr Gerson Msigwa, said yesterday that Mr Dangote plans to construct a fertilizer factory (without giving more details).

“The President wants more investors in the country in order to create more jobs and improve the national economy. We pledge to continue investing massively in Tanzania,” he said in the statement.


With the current changes and improvements in the business environment in Tanzania, Mr Dangote said he will invite his fellow investors to come and inject their money in the country.

President Hassan appreciated his commitment, assuring him and other investors of her government’s full support and security of their projects.

She directed the minister for Investment, Mr Geoffrey Mwambe, his Industry and Trade counterpart Prof Kitila Mkumbo and deputy minister of Finance and Planning, Mr Hamad Masauni to resolve the challenges facing the Dangote’s Cement Factory so that it can continue with its operations and bring the expected results.

Mr Dangote joins the growing list of prominent individuals in the business, economic and political cycles who have called a courtesy call on the President since she assumed power on March 19, 2021 following the death in office of her predecessor, the late John Magufuli on March 17, 2021.

President Hassan has been holding meetings with key players in the international economy, foreign traders and visiting neighbouring countries like Uganda and Kenya.

The President’s approach of meeting personally with the heads of state and those of bilateral organisations is a way to open up and strengthen Tanzania diplomatic relations and reinforcing her political influence across the region is now repairing ties with the outside world.

Earlier this month, former Nigerian President Olusegun Obasanjo visited President Hassan and held talks with her.

Her two-day state visit to Kenya also witnessed Tanzania signing a natural gas pipeline deal from Dar es Salaam to Mombasa and the leaders from the two countries resolved to clear trade hurdles to increase cross-border trade, by removing some non-tariff barriers.

In April, President Hassan also visited Uganda where she signed the East Africa Crude Oil Pipeline (EACOP) deal and assured to strengthen strategic partnership and cooperation between the two countries and forge further regional integration and people’s interaction. Uganda President Yoweri Museveni was also in the country last week to witness the signing of the Host Government Agreement (HGA) between Tanzania and companies behind the EACOP project.

On several occasions, the country’s first female Head of State says her target is to regain trust of investors by tackling the hurdles investors face in their businesses.

Other meetings that showed the President’s resolve on diplomatic nurturing were the recent meetings she held with the Co-chair of International Monetary Fund (IFM) Kristalina Georgieva.

At that meeting, the President assured the IMF boss that the sixth phase government will cement the cooperation between the two for the economic betterment of Tanzanians.

The organization said it was ready to start processing funding requests made by Tanzania to relieve the effects of the pandemic on multiple sectors.

On April 19, President Hassan also met Mara Warwick, the World Bank’s country director for Tanzania, Malawi, Zambia and Zimbabwe, at the Chamwino State House in the capital of Dodoma.

The President pledged her country’s strengthened cooperation with the World Bank, saying the bank was a catalyst for economic development.

“The World Bank is supporting Tanzania in improving social services such as education and health, and in improving the infrastructure,” she said.

while urging the World Bank to continue working with Tanzania towards building an economy that will transform the citizens’ welfare.

Ms Warwick said the World Bank had previously approved loans to the tune of $4.9 billion for supporting various development projects in the country, making Tanzania among the leading recipients of the bank’s funding.

 

Talks On New Tanga Cement Plant in Arusha On Progress​


11 NOVEMBER 2020

Tanzania Daily News (Dar es Salaam)
TANGA Cement Plc has said talks with the government on new cement grinding plant in Arusha region on progress.

The new investment cement grinding plant would cater for the growing high demand for cement in the local market.

The Tanga Cement Plant's Country Executive, Mr Ben Lema said this in Dar es Salaam on Tuesday said that with the construction of the project, the factory will be able to produce between 500,000 to 750,000 tonnes per annum.

The new investment will be able to provide jobs to Tanzanians and ultimately contribute to the national income.

"We are still in talks with the government on a project to build a cement grinding plant in Arusha that will move services closer to the people of the Northern Region zone and other surrounding areas.

The talks started in 2016 and are not yet completed. We want to continue supporting the government industrialisation drive, "Lema said.

Currently, Tanga Cement Plc is transporting its cement to the Northern zone regions using a freight train that was inaugurated in Arusha recently after being out of operations for about 30 years.

Regarding the rise of cement prices in the country, Mr Lema said that in the case of Tanga Cement Plc has not raised the price but the plans is to increase cement price in January next year so as to make the shareholders get dividend.

"We have not increased the price of cement yet. These prices that have been in use since May 2020 vary depending on transportation costs," he said.

During the Corona pandemic, Tanga Cement PLC gained a high demand for cement where production reached 108,000 tonnes in October from 95,000 tonnes to 98,000 tonnes per month.

The Tanga Cement Plc factory produces 1,250,000 to 1,260,000 tonnes of cement per year.


 
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