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Home Industries Company News

Company Watch: Why We Are Investing $500million In Tanzania – Dangote Cement

Nairametrics by Nairametrics
June 4, 2013
in Company News, Corporate deals
Video==> Power Is No Excuse For Any Serious Business Not To Succeed – Dangote
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Is Dangote Cement the Apple of Nigeria?

The investment in this sector, which he explained as being outside the traditional mining sector, is to take advantage of the abundance of limestone in the country and work towards making Tanzania self-sufficient in cement production. 

“We are excited for two major reasons. The first being that today’s event is a significant milestone for us in our quest to build a Pan Africa cement company.  We are excited that an African company is making this investment in a sister African country. This indeed, shows that Africa is gradually taking its destiny in its own hands rather than wait for investors from outside Africa,” he said.

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