Post link 03 June 2017, 19:00
Dangote’s $300m investment puts Congo-Brazza on path to cement sufficiency.

Congo-Brazza: Dangote invest $300m to puts Congo on path to cement sufficiency. The business will create 1

Dangote Cement is set to increase the total capacity of cement production in Franco-Phone Democratic Republic of Congo (DRC) by 1.5 million tonnes per annum with its Bouansa Plant. The added capacity will ensure that DRC surpasses its national demand to become a net exporter of cement to its neighbours which will increase its foreign exchange earnings. Dangote Cement has become a major player in the production of cement in African countries, starting from Nigeria which it helped to attain self-sufficiency and commence exports recently. This much was recently acknowledged by Nigeria’s Minister of Solid Minerals Development, Dr. Kayode Fayemi, who commended the Cement giant for its major role in spear-heading government’s backward integration policy, after the company exported 0.4 million tonnes to neighbouring countries in 2016.

Prior to this feat, Nigeria was one of the world’s largest importers of cement, importing 5.1 million tonnes of cement at a huge expense to the nation’s balance of payments. Dangote Cement, a fully integrated quarry-to-customer producer with production capacity of 29.25Mta in Nigeria alone, is Africa’s leading cement producer with nearly 46 million tonnes annual capacity across Africa. The new DRC plant is coming on the heels of the ongoing construction of ‎a new three-million metric tonnes capacity cement grinding plant in Cote D’ivoire. Speaking on Tuesday, the Plant Director for Congo Operations, Ganapathy Balasubramanian explained that the factory which costs the company CFA 133 billion or about $300 million is expected to meet the nation’s cement demand and cater for the export market in neighbouring countries within the region.

Congo-Brazza: Dangote invest $300m to puts Congo on path to cement sufficiency. The business will create 1

The Bouansa Plant, according to him, is sitting on 80 hectares of land expanse and is expected to strengthen the nation’s economy. “Satisfying the current demand of the construction market in general, saving foreign currency expenditure and generating employment opportunities, are some of the benefits of this project,” he added. The grinding plant besides increasing the total capacity of local cement production in the francophone nation will also provide direct and indirect jobs for over 1,600 people from within the country and other neighbouring countries. Also, Balasubramanian added that the company will be depending on an on-grid power system in meeting its energy needs, as 20 mega watts is being supplied from the national grid, stressing that the factory has a potential utilisation profile of 90 per cent when it commences operations.

He further disclosed that the state-of-the-art plant shall meet the global occupational health, safety and pollution control standards. The company is also building a school, clinic and road for the people around its location. Dangote Cement has invested several billion of dollars to build manufacturing plants and import/grinding terminals across Africa. Its operations are in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.0Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.7Mta import), South Africa (3.3Mta), Tanzania (3.0Mta), and Zambia (1.5Mta).

By ‎ ‎‎Joy Ekeke -June 1, 2017

You Lie Because You Are Scared