Dangote - October 2019

Dangote Cement has announced plans to expand its cement capacity in Africa by 29 per cent to 62Mta. The company is expected to add 6Mta in Nigeria in 2020, taking its capacity in its home market to 35Mta, while other expansions are earmarked mainly for west Africa, including Niger and Côte d'Ivoire. On the back of this and other investments, the group’s total revenue is forecast to reach US$30bn in the next few years.

Meanwhile, in Tanzania, Dangote remains locked in a dispute with the country’s government after the cement producer failed to file its operations report with the Tanzania Investment Center. Dangote has reportedly failed to submit its operations reports for the last three years, despite being given ultimatums to do so. According to the company, it is preparing the report but could not explain why it had neglected to meet the mandatory requirements in the first place.