Business
Dangote Cement expands into Tanzania – to ease on pressure on current pricing
“The academy takes in 1,000 engineers every year. We will absorb them and also attach them to the factory there,” he said, adding that there were many smart African entrepreneurs who would take the continent to the next level.
Tanzania stands to more than double its cement production capacity next year when the factory is completed and production commences. The capacity of the factory is expected to be 3 million metric tonnes per annum, out of which the company expects to obtain a sizeable chunk of the market share in both Tanzania and the region.
Aliko Dangote is a Nigerian entrepreneur who is ranked by the Forbes magazine as 25th richest person in the world and first in Africa.
As of 2011, cement, is estimated to account for about 80 percent of his business. Dangote Cement, a subsidiary company of Dangote Group, is Africa’s largest cement producer. According to the company, they have set a goal of becoming one of the world’s leading cement companies by 2016.
