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.…

• 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 …