Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Tanzania Cement Deficit At 1m Tons

Discussion in 'Jukwaa la Siasa' started by R.B, Aug 22, 2012.

  1. R.B

    R.B JF-Expert Member

    Aug 22, 2012
    Joined: May 10, 2012
    Messages: 5,489
    Likes Received: 590
    Trophy Points: 280
    Tanzania Investment Centre (TIC) has said that the country's cement deficit has now hit to over one million tons since 2011. Speaking to East African Business Week last week during the site tour, the TIC's Acting Executive Director, Mr Raymond Mbilinyi said that in few years to come the country will not experience such deficit due to the establishment of the new cement plant in Mtwara.
    The new plan which is owned by the Nigerian investor Mr Aliko Dangote, who is a President and Chief Executive of Dangote Group, will be producing 2 million tons every year, a move which is expected to reduce cement scarcity in the country and the East African region.
    1mMbilinyi said that apart from reducing the cement deficit, the investment will create over 400 jobs and help boost the Southern region's economy and the whole country at large.
    "Apart from creating employment, the factory will stimulate trade and create a multiplier rippling effect to the entire economy," Mbilinyi said and added that the conducive investment climate created by the government in collaboration with the private sector is fueling Tanzanian development.
    The plant which is expected to start operation in 18 months is expected to reduce the cement deficit in the East African Region.
    Mtwara Regional Commissioner, Mr Joseph Simbakalia commented on the regions reception of the plant saying the establishment of the plant adds up Mtwara's contribution to the nation's revenues.
    Simbakalia said the region is blessed with resources yet to be utilized and called for more investors to take advantage of these opportunities
    Dangote Cement is a fully integrated cement company and has projects and operations in Nigeria, Benin and Ghana; with total existing production and import capacity of 14 million tons per annum and new production projects in development with 11.1 million tons per annum additional capacity.
    The Company operates the Obajana Cement Plant (OCP), the largest cement plant in sub-Saharan Africa. Aggressive growth plans target a strong pan-African presence as Dangote Cement evolves to become a truly multi-national corporation.
    As part of this drive, Dangote Cement is committed to making Nigeria a net exporter of cement. The company owns four terminals, two in Lagos and two in Port Harcourt through which it currently imports cement.
    The Dangote Group is one of the most diversified business conglomerates in Africa with a hard-earned reputation for excellent business practices and products' quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.