Q2: Dangote Cement injects $3bn on plants, grinding terminals across Africa
…. employs 27,952 Nigerians in 2017 Group Chief Executive Officer of Dangote Cement, Engr. Joe Makoju has disclosed that the company invested a whopping $3bn to build manufacturing plants and import/grinding terminals across Africa. The company’s operations, according to Makoju…
Dangote pays 90% of net profits as dividend on N10.50 per share payout
Rising from its 9th Annual General Meeting (AGM), held in Lagos on Wednesday, shareholders of Dangote Cement have the dividend payout of N10.50 per 50k share, representing 90 per cent of net profit and an increase of 23.5 per cent…
Dangote Cement deepening West Africa export with planned 3mmt per annum of clinker
Considering steady saturation of the Nigerian market, leading cement giant, Dangote Cement is currently planning to boost exports to ECOWAS region. Otherwise, the group is now targeting to export 3mnt per annum of clinker, about 17 per cent of its…
Dangote Cement’s published Q1-18 result shows revenue, net profit growth by 23%
Dangote Cement on Tuesday published its Q1-18 result at the floor of the Nigerian Stock Exchange (NSE). From every indication, the result demonstrated strong growth in both revenue and net profit as both grew by 16.3% y/y and 23.9% q/q…
Dangote may expand to N’Africa as Tunisia puts on sale 50.52% of Carthage Cement
In his growing quest for continental cement investment, there are chances that Africa’s leading cement merchant, Aliko Dangote, core investor in Dangote Cement may be attracted to buy up a majority stake of 52.52 per cent now on sale by…
Edo mine shut to avoid Dangote, BUA crisis escalation—BH Intelligence
To avoid further escalation of hostilities between two Nigerian cement giants, Dangote Cement and BUA Cement, the Federal Government cited security concerns arising from claims and counter claims bordering on illegal mining activities at the contentious Obu mines in Okpella,…
Dangote Cement, Jumia Nigeria seal online purchase deal for Lagos, PH, FCT
A new vista in online shopping has been unveiled in Nigeria between leading cement group, Dangote Cement and online shopping giant, Jumia Nigeria in Lagos. According to the deal, Nigerians and corporate bodies wishing to purchase cement from 300 bags…
CSR: Dangote flags off bridge, scholarship schemes worth $1.5m in Congo
Without waiting for investment breakthrough, Dangote Cement which commissioned its new plant in Congo on Thursday last week, announced Corporate Social Responsibility (CSR) projects worth $1.5m for the country. In his address during the unveiling, President, Dangote Group, Aliko Dangote,…
Dangote championing industrial renaissance in Africa—Buhari
President Mohammadu Buhari on Thursday in the city of Mfila, Congo Brazzaville, described Chairman of Dangote Cement, Alhaji Aliko Dangote as a worthy investment ambassadors of Nigeria and continental champion in driving African industrial renaissance. In his remarks at the…
Dangote completes, set to unveil $500m cement plant in Congo tomorrow
The dream of Dangote Cement to single-handedly drive continental backward integration in cement, will receive a strong boost tomorrow as all is set for Thursday, November 23, 2017 inauguration of Dangote Cement factory in the city of Mfila, Congo. The…
