Africa’s richest man, Aliko Dangote’s cement business is spreading its tentacles across Africa.
On Thursday, Dangote Cement inaugurates its 1.5 million metric tonnes per annum capacity Cement Plant valued at 500 million dollars in Democratic Republic of Congo.
The plant, described as the largest in Congo, had rolled out its first bag of cement on Aug 7, and is expected to create about 1000 direct and indirect jobs.
The inauguration of the new plant will make it the 10th fully operational Dangote Cement Plant across Africa.
In a statement to the media announcing the inauguration on Monday, the company said it maintained its stronghold in the domestic cement market that is in the Nigerian cement market, accounting for 65% of local consumption while Pan-African volumes went up by 7.5% to 7.0 mta.
“Our Pan-African operations are performing strongly with excellent sales growth in Cameroon, Ethiopia and Senegal.
“We are consolidating our success across Africa through commissioning of our 1.5Mta factory in Congo, the tenth country in which we have established operations.
“In our key operations in Nigeria, we have significantly improved our fuel mix and this has helped increase margins across the Group.
“It is especially good for Nigeria because most of the coal we are using is mined in our own country,” the statement added.