Nigeria: Over a nine-month period to 30 September 2019 in which Dangote Cement increased its volumes by 1.1% to 18.0Mt from 17.8Mt in the corresponding period of 2018, earnings before interest, taxes, depreciation and amortisation (EBITDA) for Africa’s largest cement producer fell by 1.6% year-on-year to US$0.84bn from US$0.85bn. Group CEO Joe Makoju noted a year-on-year 0.6% increase in Nigerian volumes to 10.8Mt from 1.07Mt, as well growth in Tanzania and good sales in Senegal, as helping to offset ‘economic and operating challenges in key territories such as Ethiopia and South Africa.’
Dangote identified its Seven Sustainability Pillars for management as enabling it to realise its commitment to increasing value for all stakeholders. This may have contributed to its ranking second in Sub-Saharan Africa in Forbes’ Global 2000 World’s Best Employers.