Infos Business of Tuesday, 25 August 2015

Source: This Today

Biya, Osinbajo to formally open Dangote cement plant in Cameroon

Dangote Cement Dangote Cement

President of Cameroon, Paul Biya and Nigeria's Vice-President, Professor Yemi Osinbajo, are expected to lead the top echelon of the public and private sector operators in both Cameroon and Nigeria to the formal inauguration of Dangote Group's 1.5 million metric tonnes per annum (mmtpa) capacity cement plant at the Douala Ports,on Thursday in Cameroon

The opening of the Cameroon plant, which cost the company about $250 million to put together, will be the another progressive step towards Dangote's plan to increase the total output of cement from all its plants in Africa to 53 million tonnes by 2017.

In the past three months, government and business leaders in Nigeria and across Africa have witnessed the inauguration of Dangote cement plants in Ethiopia, Zambia, Senegal among many others in Liberia, Sierra Leone, Kenya, South Africa, Tanzania, Niger, Mali, Cote d' Ivoire, Congo, Ghana and of course Cameroon slated for formal inauguration before the end of the year, to take the company's total cement output to 45 mmtpa by 2016.

While the company is already producing cement in Zambia, Ethiopia, South Africa, Senegal, Cameroon, Ghana and of course Nigeria, new plants in the other African nations and Nepal have reached advanced stages of construction, with many to be opened before the end of 2017, the company's investor relations report stated.