Tanzania, May 14 – Tanzania has exceeded its national demand of cement by a margin of 2.6 million tonnes produced on an annual basis. This is just one of the testimonies that has put the country on course for a change in the industrial sector, as the country seeks to build an industrialized economy.
Cement production has been a vital area of industrialization as it adds to the support of infrastructure more so the buildings. Their shortage drag the industrialization sector behind and could lead to exploitation by manufacturers to the general public of the commodity.
The initial demand per year of the country stands at 4.8 million tonnes but the Government under the reign of President Magufuli has seen a great achievement in lifting the sector. This will offer a pleasing business environment to the potential investors.
The country can now continue to reduce the import of cement, as it has more than enough to boost the country’s economic status. This will improve the foreign exchange as it will be able to export more, and have excess for the development of the country.
Cement investors can be encouraged by the reports to invest more on the same, increasing the competition in the field which is vital for the transformation of the economy. Other than Dangote Cement, Portland Cement and Tanga Cement, new companies could evolve to offer the manufacturing services.
Dangote Cement recognized the efforts by the government of Tanzania to pull strings from all ends, and applauded the steps already made in cement consumption. Tanzania’s economy remains to be favorable for business which will lead ultimately to a massive growth in this sector with the right policies set in place.