Tanzania: Dangote Cement has started construction of a US$500m cement plant in Mtwara, Tanzania. The 3Mt/yr plant is expected to be completed by March 2015. Company president Aliko Dangote said commencement of the Tanzania plant is part of the strategy of the group's strategy to increase its cement production capacity to at least 29Mt/yr by 2015.
"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 have spurred private sector-driven investment," said Dangote.