TANZANIA NCHI YANGU

WAFADHILI

Friday, November 24, 2017

Thursday, November 23, 2017

Dangote opens a new cement plant in Mfila, Congo Brazzaville. The biggest in Congo

Africa’s largest cement Company, Dangote Cement Plc (http://APO.af/mCqnZz) yesterday added fillip to the on-going efforts at economic emancipation of Africa when it formally opened its 1.5mtpa capacity cement plant in Mfila, Congo Brazzaville, amid ecstasy by the government and the indigenes of the Country.

The new plant estimated at $300 million has potentials for about 1000 direct employment and thousands of several other indirect jobs.

Undoubtedly the biggest plant in Congo, its President, Mr. Denis Sassou Nguesso while inaugurating the plant said the investment was an industrial revolution, sort of, within the Economic Community of the Central African States (CEMAC), saying his country was happy to host the investment.

According to him, his government has observed the operations of Dangote cement in other African countries and it has helped buoy their economies by sparking off other allied industries expressing the hope that Congo situation would not be an exception.

The Congolese President described the coming on stream of the Dangote cement as timely and encouraging because it is starting operations at a time the total government revenues have plummeted by 31.3 percent and revenues from the oil sector have fallen 65.1 percent since 2015 due to a slide in global crude prices.

President Mohammadu Buhari who was represented at the event by a powerful delegation led by the Minister of Mines and Steel Development, Dr. Kayode Fayemi commended Alhaji Aliko Dangote and his Cement Company for championing economic renaissance of Africa with the construction of cement plants across several African countries saying the sterling accomplishment makes the Dangote Cement brand, and indeed Aliko Dangote himself, worthy ambassadors of Nigeria.

President Buhari said his government has consistently supported and encouraged the Dangote Group (http://Dangote.com) in its quest to contribute its quota to the economic emancipation of the African continent, which is blessed with a plethora of natural resources. “I believe that it is only home-grown practical solutions that can address the myriad issues plaguing Africa today and one of such challenges that Africa has been grappling with for decades is the infrastructure deficit. I am confident that massive investments in cement production, which is a key driver of infrastructural development, will contribute in no small measure, to addressing this perennial problem.”

President Buhari recalled with satisfaction that local cement manufacturers such as Dangote Cement, Lafarge and BUA, have exploited one of the solid minerals, limestone which is a basic input for cement production and which Nigeria has in abundance, in different parts of the country to achieve self-sufficiency in local cement production in 2015, and is now a net exporter of the product.

“The backward integration policy of the Federal Government in the cement sector, which was launched in 2002, has contributed to this success story by successfully substituting imports with local production, we have saved over $2billion spent on cement importation into Nigeria, annually.  

“We have also started using cement for road construction in the country due to its numerous advantages over the more common bituminous road. Again, in this area, Dangote Cement is leading the charge, through AG-Dangote, its joint venture with Andrade-Gutierrez, a construction giant in Brazil”, Nigeria’s President stated.  

Chairman of Dangote Cement Plc, Aliko Dangote in his address said his company was delighted to have completed the plant on schedule saying the addition of Dangote Cement’s 1.5 million metric tonnes per annum plant has more than doubled the total cement production capacity of Congo-Brazzaville, which now stands at 2.550 million metric tonnes per annum, far in excess of national demand.

“It is envisaged that this will contribute substantially to the availability and affordability of cement in the country and the Republic of the Congo will no longer need to depend on imports to bridge the gap between demand and supply. 

“It is our hope that the inauguration of the plant will boost Congo’s economy, conserve foreign exchange that would otherwise have been spent on imports for the country, and create employment opportunities down the value chain.”, he stated.

Dangote commended the Congolese government noting that the bold economic reform measures put in place by President Denis Sassou Nguesso administration have been quite salutary. “The construction industry, which is a major sector of the economy, is a beneficiary of his policies, and has been receiving the attention of investors. We believe that our investment will contribute to Congo-Brazzaville’s current economic renaissance under the leadership of the President Nguesso.” 

The Company Chairman pointed out that his organization received tremendous support and encouragement both from the government and the people of Congo-Brazzaville, right from the conceptualisation stage of our project, to its final completion, and commissioning.

In appreciation of the good gesture of the government and the people, Dangote disclosed that without waiting to stabilise production, the Cement company had already commenced CSR projects with the construction of a road with a length of 30km around Yamba, which would have cost the local government approximately 240 million CFA to execute.

He stated further “we have also disbursed scholarships for students and we are also building a school and renovating a hospital within our host communities. Apart from these, we have repaired a dilapidated bridge on a major highway at a cost of $300,000, to enable heavy duty vehicles to cross the bridge. As a policy, we also ensure that we give priority to qualified indigenes from our local host communities in our recruitment drive.”

Dangote told the gathering that Dangote Cement total production capacity across Africa at the end of May 2017, stood at 45.8 million metric tonnes per annum, making it one of the biggest cement producers on the continent adding that the aspiration is to rank among the top 10 cement producers in the world by 2020. 

Dangote cement commissioned its cement plants in four African countries namely: Ethiopia, Zambia, Cameroun and Tanzania. The Congo-Brazzaville plant, which began operations in the third quarter of 2017, will be the fifth cement plant that would be inaugurated in the last two years.

NEWSPAPERS THURSDAY 23RD NOVEMBER 2017



Wednesday, November 22, 2017

Paradise Papers Exposes Powerful Politicians, Prompts Calls For Inquiries Across Africa

Revelations by media partners as part of the Paradise Papers have exposed the offshore dealings of some of Africa’s most powerful politicians and most profitable companies.

More than a dozen journalists from eight African countries participated in the Paradise Papers, a global investigation of 381 journalists who spent up to 12 months poring over 13.5 million records from offshore businesses and company registries. READ HERE.......

NEWSPAPERS 22ND NOVEMBER 2017


Tuesday, November 21, 2017

ROBERT MUGABE HAS FINALLY RESIGNED

Former President Robert Mugabe
Robert Mugabe has finally resigned as president of Zimbabwe, a week after the army took to the streets. A letter signed by Zimbabwe’s only president since 1980 said the decision was voluntary. The Parliament confirmed receipt of the said letter and subsequently suspended impeachment processes. Mugabe, 93, has been under intense pressure at home and from outside to step down after 37 years in charge but had previously refused.
Earlier today, Zimbabwe’s ruling ZANU-PF resolved to bring a motion in parliament on Tuesday (November 21) to impeach Mugabe, after an earlier deadline expired for the besieged leader to resign and bring the curtain down on nearly four decades in power. There has been celebrations across Zimbabwe after news filtered through that Mugabe had accepted to leave. The state-run Herald Newspaper that until recently was pro-Mugabe also confirmed the resignation. The surprise announcement halted an impeachment hearing that had begun against him and sparked wild celebrations on the nation's streets. The ruling Zanu-PF party says former vice-president Emmerson Mnangagwa will succeed Mr Mugabe, in power since 1980. Mr Mnangagwa's sacking earlier this month triggered a political crisis. It had been seen by many as an attempt to clear the way for Grace Mugabe to succeed her husband as leader and riled the military leadership, who stepped in and put Mr Mugabe under house arrest. Mr Mugabe, 93, was until his resignation was one of the world's oldest leader. He had previously refused to quit despite last week's military takeover and days of protests. According to the constitution his successor should have been the current vice-president, Phelekezela Mphoko, a supporter of Grace Mugabe. But that seems not going to work that way. Mugabe defied demands to step down for almost a week after a military takeover and expulsion from his own ruling ZANU-PF party but stepped down on Tuesday, hours after parliament started an impeachment process. Cheers broke out in the parliament after speaker Jacob Mudenda read out Mugabe's resignation letter. "I Robert Gabriel Mugabe in terms of section 96 of the constitution of Zimbabwe hereby formally tender my resignation ... with immediate effect," said Mudenda, reading the letter. The news also sparked scenes of jubilation in the capital, Harare, as large crowds cheered, danced and sang celebrating Mugabe's departure for hours. Celebrations also erupted in central Johannesburg, in neighbouring South Africa, as Zimbabweans there also took to the streets to cheer on the news. Mugabe's resignation brought an end to the impeachment process initiated by ZANU-PF after its Central Committee voted to dismiss him as party leader.  Zanu-PF chief whip Lovemore Matuke told Reuters news agency that Mr Mnangagwa would be in office "within 48 hours". Speaking from an undisclosed location earlier on Tuesday, Mr Mnangagwa said he had fled abroad two weeks ago when he learned of a plot to kill him.



Jubilations in the streets of Harare

NEWSPAPERS TUESDAY 21 NOVEMBER 2017