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    Tuesday, May 28, 2013

    Dangote Lays Foundation Of $500m Tanzania Cement Plant

    Dangote Cement Plc yesterday laid the foundation stone for the construction of its new $500m cement plant in the East African country of United Republic of Tanzania.

    The new plant with capacity for 3 million metric tones is part of the industrial revolution and economic emancipation programme of the Tanzanian government as the plant will provide thousands of job for the locals.

    The ceremony held even as Dangote Group marked the World Day for Safety and Health at Work with a promise to promote healthy and safe working environment in all its operations. The preparations leading to the ground breaking ceremony said a statement, commenced in 2007 following discussions with the government of Tanzania by the Group and subsequent agreement on the proposed cement plant. The plant is expected to be completed within 22 months.

    Dangote said the commencement of the construction of the plant signposts another step forward in the Group and Tanzania’s mutually beneficial business relationship, which will further strengthen the ties between the two countries. “Our investment in this sector, which is outside the traditional mining sector, is to take advantage of the abundance of limestone in the country and work towards making Tanzania self-sufficient in cement production.

    We must commend the government and people of Tanzania for recent public sector and banking reforms, as well as revamped and new legislative frameworks, which had spurred private sector driven investment.” The Statement assured the people of Tanzania especially the host community of Mtwara of a new dawn as the company will impact positively on their lives.

    “While we are in business of creating wealth primarily, we are also mindful of the need to touch lives of people. As a company, we have always been conscious of the need to give a little of our profits back to the society as a guarantee for sustainable business success.
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