Dangote Cement

DANGOTE CEMENT IN TANZANIA APOLOGIZE TO GOVT. AFTER HIKE IN CEMENT PRICES

Posted on by Gambeta News
DANGOTE CEMENT IN TANZANIA APOLOGIZE TO GOVT. AFTER HIKE IN CEMENT PRICES

Dangote Cement company in Tanzania has apologized to the government after customers complain of a hike in price. According to the company, the price increase was due to the maintenance process in their plant which causes the countrywide price hikes. However, Mtwara Regional Commissioner, Gelesius Byakanwa has ordered the management of the plant to immediately publish the actual prices of the cement to their customers to stop further inflation after paying them a visit at…

Read More

DANGOTE CEMENT AND MTN NIGERIA BATTLE FOR BIGGEST COMPANY ON THE NSE

Posted on by Gambeta News
DANGOTE CEMENT AND MTN NIGERIA BATTLE FOR BIGGEST COMPANY ON THE NSE

MTN Nigeria Plc is sure giving Dangote Cement a run for its money as they battle for number one spot on the Nigeria Stock Exchange (NSE) Prior to the listing of MTN Nigeria Plc on the Nigerian Stock Exchange (NSE); Dangote Cement had remained unchallenged as the biggest company on the NSE in terms of market capitalization. In May 2019, when MTN Nigeria Plc finally listed on the NSE with a market capitalisation of ₦1.3…

Read More

DANGOTE OPENS MEGA CEMENT WAREHOUSE IN SOUTHERN NIGERIA

Posted on by Gambeta News
DANGOTE OPENS MEGA CEMENT WAREHOUSE IN SOUTHERN NIGERIA

Dangote inaugurates Mega cement warehouse in Southern Nigeria The Dangote Group recently opened a mega cement warehouse at the Industrial Layout, Onitsha Road, Owerri, capital of Imo State. The warehouse is to serve corporate entities and the people of  the Southeast and other zones in the country. Persons present at the opening ceremony included; President of Dangote Group, Aliko Dangote, Imo state Governor, Rochas Okorocha, and also other captains in the industry. While declaring the warehouse…

Read More

Dangote Cement to open largest Cement Plant in Congo

Posted on by Gambeta News
Dangote Cement to open largest Cement Plant in Congo

Dangote Cement to unveil largest cement plant in Congo. The Dangote Cement 1.5 million metric tonnes per annum capacity Cement Plant in Congo will be officially opened on Thursday (23/11/2017). Once the plant is unveiled it will become the largest cement plant in the Congo. The plant which rolled out its first bag of cement on the August 7, costed US$500 million to construct and is expected to directly employ more than 1,000 people and create…

Read More

DANGOTE CEMENT CONSIDERS ISSUING EURO BONDS

Posted on by Gambeta News
DANGOTE CEMENT CONSIDERS ISSUING EURO BONDS

Dangote Cement is considering issuing Euro bonds in other to raise funds for its short term debts. According to the Chief Financial Officer (CFO), Brian Egan, Dangote cement is considering issuing Euro bonds or a local debt issue in other to raise funds for its debt. The company is planning to move away from its N389 billion debt of which 70% is on short term facility and from its parent company Dangote Industries Limited. The company is considering Euro…

Read More

ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

Posted on by Gambeta News
ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

Foreign Investors stress worry over the recently signed government policy requesting a free 16% ownership in all foreign owned businesses President of Dangote Industries, Mr. Aliko Dangote expressed his frustration over the enacted law, stressing that Mr. John Magufuli (President of Tanzania) is “coming through the back door to seize assets”. He made this statement while attending a summit organised by the Financial Times, in London this week. The State Stake Law, makes it mandatory…

Read More