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Dangote Commissions $250 Million Cement Factory In Cameroun

•Lays foundation for 200m Jetty
Bimbola Oyesola
As part of its effort to fast-track economic integration within Africa, Dangote Cement Plc, has commissioned its $250 million 1.5million metric tonnes per annum cement grinding plant in Douala, Camaroon. This is coming barely three weeks after the cement plant in Zambia was commissioned.
The company, in addition laid foundation for a 200m Jetty in Base Elf area, of the Douala Port of Cameroon.
Expressing his delight at the commissioning of the project which commenced in 2011, the President of the Dangote Group, Aliko Dangote, said the plant is the company’s largest Greenfield project in a neighbouring country, which Nigeria has a long history of brotherly relationship that dates back to the colonial era.
“For this reason, we feel particularly at home in Cameroon. And for this reason too, we are determined to explore other areas where we can contribute our own quota to the remarkable economic transformation, taking place under the government of President Biya”, he said.
He stated that due to the warm welcome given to Dangote Cement, the company has decided to begin work on the second phase of the plant, which will see the doubling of its capacity from the current 1.5mmtpa to 3.0mmtpa.
He said, “Our desire to increase our investment with the Phase 2 project is based on not only the fast growth rate of the Cameroonian economy but also due to the warm welcome extended to us and the enabling environment created by the government of Cameroon.
Our choice of Cameroon for this multi-million dollar investment is quite strategic. Cameroon is the largest economy in Central Africa and is well endowed with abundant natural resources. The country also enjoys political stability, adequate security and growing infrastructural development. In addition, President Biya has created an enabling environment that has continued to attract investors both from within and outside the African continent.”
THE SUN

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