Browsing: Dangote Cement

Big cap stocks are far more profitable with ROE’s of 67 per cent compared to 21 per cent for mid cap stocks. Further, their stock market returns are superior to mid-cap stocks.

Nestle Nigeria had the highest on Return on Equity of 215.4 per cent with a share price at 1,215.00 NGN. While, International Breweries had the lowest Return on Equity of a negative 2.5 per cent with a share price at 4.95 NGN as of September 30, 2022.

Nestle Nigeria Plc listed on the Nigerian Stock Exchange is a food manufacturing and marketing company in Nigeria and a subsidiary of the largest food and beverage company in the world. The company produces an extensive range of products for the retail and wholesale sectors.…

Dangote uses lower pricing to grow its market share, but Kenyans have had to wait longer for this to happen.

However, Dangote was a surprise attendee at William Ruto’s inauguration as Kenya’s fifth president. This revived talks among Kenyans that he probably would now be able to jumpstart his investment plans in Kenya and have the cement plants going.

Ruto and Dangote met in March 2014 when the then Deputy President visited the Obajana plant of Dangote Cement in Kogi State, Nigeria. At the time, Kenya intended to fast-track licensing for Dangote Cement in the country to boost job creation opportunities for Kenyans.

Dangote’s attendance was thus a reminder and probably a harbinger of what is to come in the cement production sector in Kenya.…

• China is one of Tanzania’s biggest trade partner
• Tanzania’s industrial economy has been growing over the past decade
• Tanzania has nabbed US$3 billion investment from China company

Investment in Tanzania is changing the labour market and industries in Tanzania for the better.

The government of Tanzania is doubling down on expanding its industrial complex as the new industrial scheme stands to draw around 100,000 direct jobs and 300,000 by 2025 and change Tanzania economy for good.

Tanzania’s industrial economy is slated to expand twelve-fold in the next three years, adding more support to the minor industrial landscape currently operating nationwide, while expanding the list of reasons to invest in Tanzania.

Industries in Tanzania have become a critical component of economic transformation.  Tanzania has more than 62,000 small industries which add value to raw materials extracted internally.

READ: Tanzania bagging billions in natural gas investments

According to the Ministry of Investment, …

If there is a booming industry in Tanzania, it is the cement industry that has more than doubled production in under a decade.

As of 2011, Tanzania was producing 2.4Mt annually a figure that has shot up to 6.5Mt as of 2020. Compared to the previous year, the production volume of cement grew by 44.5 per cent and is associated with rising construction activity in the country.

Another marker of how well the industry is doing is the amount of investment the sector is getting annually. Consider the most recent buy out of Maweni Limestone Ltd by China’s Huaxin Cement.

Why this US$16 million buyout attests to the industry performance is the fact that once operational, it will be China’s first African entity producing cement on the continent instead of exporting.

Local demand is estimated to have clocked 5.9Mt and growing fast, the newly purchased plant by Huaxin Cement has …

Dangote Cement Plc is set to raise its production capacity by more than a third.

This follows the surge in demand as Nigerian economy recovers.

According to Dangote Group’s Executive Director Edwin Devakumar, the largest cement producer will expand its capacity from about 50,000 tons in a day at the beginning of the year, to 70,000 tons in a day at the end of the year.

Speaking in a phone interview with Bloomberg, Devakumar noted that the company already begun the reactivation of idle capacity at its Gboko plant, in Benue State in the past seven months.

He further noted that this was due to a 40 per cent increase in demand in Nigeria.

Several African countries have been suffering from poor economy that was occasioned by the outbreak of Covid-19 pandemic.

Just recently, the International Monetary Fund increased its projection for the Nigeria’s 2021 economic growth to 2.5% from …

Folorunso Alakija has been dropped from Nigeria’s Forbes list of dollar- billionaires for a second year in a row according to a statement released by Forbes 2021 world billionaires on Tuesday.

The Nigerian Africa Billionaire businesswoman is involved in the fashion, Oil, real estate and printing industries. She is currently the group managing director of The Rose of Sharon  Group which consists of The Rose of Sharon Prints & Promotions Limited, Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.

Nigeria the most populous country in Africa and the seventh most populous in the world with an estimation of 206 million inhabitants as of late 2019 with the largest economy in Africa has only three dollar-billionaires now.

ALSO READ: Tanzanian Billionaire Mohammed Dewji Lands Investment Advisory Job In S.A

The current world dollar-billionaires in Nigeria according to Forbes are Chairman of Dangote group that spans a range …

Shareholders at Dangote Cement Plc have all reasons to smile after the Company proposed a dividend payment of N16 per share on Tuesday when releasing its audit report for the financial year that ended on December 31, 2020.

Dangote Cement company said this in its audited financial reports released by the Nigerian Stock Exchange (NSE) on Tuesday.

The audit report shows that, Over the sum of N50 billion recorded in the year 2019 the company will pay a tax charge of N97 billion during the period in review.

Dangote Cement’s Nigerian operations during the period sold 15.9Mt for the full year 2020, compared with 14.1Mt in 2019.

This sales are inclusive of both cement and clinker sales, which implies a 12.9 per cent growth for the full year 2020. Looking at the domestic sales alone, Nigerian operations sold 15.6Mt, up by 14.3 per cent year on year and resulting in …