AshakaCem Appoints Yahyah Chairman, Plans $1bn Expansion Programme: AshakaCem Plc, one of the major subsidiaries of Lafarge Africa Plc, has appointed Malam Suleiman Yahyah as its chairman. The appointment followed the expiration of the tenure of Alhaji Umaru Kwairanga, who has stepped down.
The cement manufacturing company in its notice to the Nigeria Stock Exchange (NSE), stated that “the board of directors has appointed Malam Suleiman Yahyah, OON, as the Board Chairman with effect from 12th March, 2015.” Besides, the board also appointed as non-executive directors of the company with effect from 12th March, 2015, Mr. Anders Kristiansson; Mrs. Edith Onwuchekwa and Alhaji Rabiu Abdullahi Umar.
The new appointments were approved by the stock exchange on Friday. Yahyah, 51, who is also the chairman of Nigerian Aviation Handling Company (Nahco Aviance), Rosehill Group and Asokoro Island, is on the boards of many other companies. THISDAY checks revealed that AshakaCem is pursuing an ambitious expansion programme estimated at about $1 billion, which will include the expansion of cement production from 1 million metric tonnes to 3.5 million metric tonnes, a 100-megawatts power plant and other ancillary projects.
Source: Thisday
