Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa - Business

Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa (7146 Views)

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Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Mrakeli(op): 5:26am On Jul 22, 2018

Dangote Cement Company has invested $3b in building manufacturing plants and import/grinding terminals across Africa, Group Chief Executive Officer of Dangote Cement, Joe Makoju, has revealed.

He explained that the investments were located in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.7Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), and Zambia (1.5Mta).

Reviewing the company’s operations in the second quarter of 2018, Makoju said Nigeria’s total sales volumes went up by 13.9 per cent to 7.8 metric tonnes, Pan-African volumes reduced by 3.9 per cent, mainly due to the shutdown in Tanzania.

Makoju said: “In all, the company, which employed 27, 952 workers in Nigeria as at 2017 had its revenue increased by 16.9 per cent and its earning per share also increased by 3 per cent to N6.60 kobo per share for the second quarter, which ended June 30, 2018.

“In addition, we achieved the largest-ever issuance of Commercial Paper by a Nigerian company when we issued ₦50b Series 1 & 2 Notes at the end of June, with a discount rate that reflected the strength of our company and its excellent credit ratings.

“Of course, our strong performance was overshadowed by the tragic event in Ethiopia. I would like to pay tribute to my colleagues Deep Kamra, Beakal Alelign and Tsegaye Gidey and offer our sincere condolences to their families.”

http://www.akelicious.net/2018/07/dangote-cement-invests-3bn-on-plants.html

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by MANNABBQGRILLS: 5:40am On Jul 22, 2018*

Three billion dollars?
That is massive!

Dangote will always be on Top.
It takes money to make money.

7 Likes 2 Shares

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by dingbang(m): 5:49am On Jul 22, 2018*

Dangote is just like John D. Rockefeller, he wants to take over the whole African manufacturing industry.

Meanwhile, esteemed first bank customers, I got great exciting news for you. Please click the link on my signature on how to register the first mobile app and what's new inside. Thanks

1 Like

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Homeboiy: 6:53am On Jul 22, 2018

And so?

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Topmaike007(m): 7:26am On Jul 22, 2018

this man get money ooo...

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Arewa12: 7:33am On Jul 22, 2018

Money flow like river

1 Like 1 Share

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by NokiaN8(m): 7:38am On Jul 22, 2018

Well let see more assistance toward the fight against bokoharam

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Litmus: 7:40am On Jul 22, 2018

He should build a high tech city in Delta State.

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Ijaya123: 7:45am On Jul 22, 2018*

hammer6F:
USELESS THIEF, U THINK THOSE AFRICAN COUNTRIES WILL ALLOW U MONOPOLISE THEIR CEMENT MARKET LIKE NIGERIA.

ONCE IBETO COMES ONLINE, WE ARE LOCKING U OFF IN THE EAST AND SS.

GO TO MOROCCO.

Stop posting nonsense. You're hating and the man keeps expanding. Who even knows you in the East.

6 Likes

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by INTEGRITYA1(m): 7:46am On Jul 22, 2018

Great one.

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by darfay: 7:58am On Jul 22, 2018

God I pray you make a way for my business and efforts to be a huge success soon because this economy class life is not for me o

3 Likes

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by PrinxArthur1(m): 7:58am On Jul 22, 2018

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by QuotaSystem: 8:05am On Jul 22, 2018

Whether through Business or Politics, you can't just stop the dominance.

Dangote by excelling across the continent, is proving once more that he is not a product of Nigerian gov't patronage/monopoly as claimed by haters.

Kudos to Africa's BIGGEST Businessman making Nigerians PROUD.

5 Likes

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by hammer6F: 8:12am On Jul 22, 2018

USELESS THIEF, U THINK THOSE AFRICAN COUNTRIES WILL ALLOW U MONOPOLISE THEIR CEMENT MARKET LIKE NIGERIA.

ONCE IBETO COMES ONLINE, WE ARE LOCKING U OFF IN THE EAST AND SS.

GO TO MOROCCO.

2 Likes

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Hienna(m): 8:17am On Jul 22, 2018

the bigger the risk u can take, the bigger d person u become. kudos to the risk taker.

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Ayanfeoluxyz(f): 8:37am On Jul 22, 2018

Homeboiy:
And so?

Poor man's psyche

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by skallion7(m): 8:57am On Jul 22, 2018

hammer6F:
USELESS THIEF, U THINK THOSE AFRICAN COUNTRIES WILL ALLOW U MONOPOLISE THEIR CEMENT MARKET LIKE NIGERIA.

ONCE IBETO COMES ONLINE, WE ARE LOCKING U OFF IN THE EAST AND SS.

GO TO MOROCCO.

East won't stop him from making his money, child of hatred

4 Likes

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by obowunmi(m): 9:00am On Jul 22, 2018

Its not Dangote doing the investment. Its the Nigerian government. It's our tax money.

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Efewestern: 9:02am On Jul 22, 2018

hammer6F:
USELESS THIEF, U THINK THOSE AFRICAN COUNTRIES WILL ALLOW U MONOPOLISE THEIR CEMENT MARKET LIKE NIGERIA.

ONCE IBETO COMES ONLINE, WE ARE LOCKING U OFF IN THE EAST AND SS.

GO TO MOROCCO.

Oga celebrate success when you see one.. don't always hate when someone from your region is not dominating, the man has tried and he deserves some accolades.

5 Likes

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by usmanktg2(m): 9:03am On Jul 22, 2018

post=69596021:
Three billion dollars?
That is massive!

Dangote will always be on Top.
It takes money to make money.

It takes brain to make money

1 Like

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by MANNABBQGRILLS: 9:04am On Jul 22, 2018

usmanktg2:
It takes brain to make money

Oh interesting, show us the man with brain without capital to invest that made it in life!

3 Likes 1 Share

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by usmanktg2(m): 9:16am On Jul 22, 2018

post=69599406:
Oh interesting, show us the man with brain without capital to invest that made it in life!

More interesting, show me a man with capital without brain to invest that made it in life....

Capital is overrated... We sincerely lack true ideas.

2 Likes

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by MANNABBQGRILLS: 9:17am On Jul 22, 2018

usmanktg2:
More interesting, show me a man with capital without brain to invest that made it in life....

Capital is overrated... We sincerely lack true ideas.

Okay bro.
Noted.

1 Like

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by hammer6F: 9:20am On Jul 22, 2018

Efewestern:
Oga celebrate success when you see one.. don't always hate when someone from your region is not dominating, the man has tried and he deserves some accolades.

lollz

Efe ma nigger!

My brother from the southsouth, how body?

Nwanne, forget that thing, we cannot keep celebrating mediocrity.

Government aided monopoly.

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by chukslawrence(m): 9:50am On Jul 22, 2018*

post=69596021:
It takes money to make money. .

May be, may be not.. I guess you've heard 'a fool and his money are soon parted'

1 Like

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Anfieldster(m): 10:53am On Jul 22, 2018

hammer6F:
lollz

Efe ma nigger!

My brother from the southsouth, how body?

Nwanne, forget that thing, we cannot keep celebrating mediocrity.

Government aided monopoly.

Efe can not be a pal to a mediocre like u

1 Like

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by hammer6F: 10:56am On Jul 22, 2018

Anfieldster:
Efe can not be a pal to a mediocre like u

EFEWESTERN MOUTHPIECE, DONT BELITTLE YOURSELF.

EFE IS MA GUY, ANYDAY AND ANYTIME.

WE CAN BOTH AGREE TO DISAGREE, MATUREDLY. AFTERALL, IT IS ALL A PAST-TIME AND WE ARE ALL LEARNING.

STOP IMPORTING YOUR AFONJA BITTERNESS INTO SS/SE AFFAIRS.

IF LEFT TO OUR DEVISES, WE KNOW HOW TO COMMUNICATE AND EVEN CORRECT ANY MISUNDERSTANDING BY OURSELVES.

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by Dollabiz: 11:23am On Jul 22, 2018

Really

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by sexyanyabubakar(f): 11:27am On Jul 22, 2018

obowunmi:
Its not Dangote doing the investment. Its the Nigerian government. It's our tax money.

1 Like

Re: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa by texazzpete(m): 11:35am On Jul 22, 2018

Despite access to most raw materials locally, and VERY lenient tax regimes, it is a travesty that Dangote Cement is still frightfully expensive in Nigeria.

Someone is making billions selling an overpriced product to Nigerians and one clown above is saying the man is ‘making Nigeria Proud’.

1 2 Reply

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