Lagos, Nigeria. President of Cameroun, 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 Cameroun and Nigeria to the formal inauguration of Dangote Group’s 1.5 million metric tons per annum (mmtpa) capacity cement plant at the Douala Ports, Cameroun on Thursday.
The opening of the Cameroun plant which cost the company about $250 million to put together, will be the another progressive s towards Dangote’s plan to increase the total output of cement from all its plants in Africa to 53 million tons by 2017.
In the past three months, government and business leaders in Nigeria and across Africa have witnessed the opening 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 Cameroun 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 manufacturing cement in Zambia, Ethiopia, South Africa, Senegal, Cameroun, Ghana and of course Nigeria, new plants in the other African nations and Nepal have reached innovative stages of construction, with many to be opened before the end of 2017, the company’s investor relations report stated.
Expansion of some of the already operational plants such as the plant in Ethiopia is currently ongoing.
The various events to open Dangote’s cement plants across Africa have led many leaders of the organised private sector such as Managing Directors of Banks and manufacturing outfits in Nigeria to these countries to build new relationships with their fellow African operators, with the possibility of initiating fresh business opportunities.
Notable among the public and private sector leaders who have graced the opening of Dangote’s plants across Africa are the Presidents of the host African nations, Osinbajo, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Managing Director of First Bank, Bisi Onasanya, President of the Manufacturers Association of Nigeria (MAN), Dr. Frank Jacobs; Director General of the Nigeria Stock Exchange (NSE), Oscar Onyema; Chairman of Heirs Holdings, Tony Elumelu, Managing Director of Access Bank, Herbert Wigwe, Chairman of the NSE, Aig Imokhuede, Governor Adams Oshiomhole among many others.
Dangote Cement plants in Africa puts Nigeria at 29.25mmtpa, Cameroun – 1.5mmtpa; Congo – 1.5mmtpa; Cote d’ Ivoire – 1.5mmtpa; Ghana – 1.5mmtpa; Liberia – 0.5mmtpa; Senegal – 1.5mmtpa; Sierra Leone – 0.7mmtpa; Ethiopia – 2.5mmtpa operational and another 2.5mmtpa under construction; South Africa – 3.3mmtpa; Tanzania – 3.0mmtpa; and Zambia 1.5mmtpa.