Vice-President Dr Mohamed Gharib Bilal joins fellow leaders attend the second Africa Global Business Forum in Dubai, UAE yesterday. (Photo: VPO)
Nigerian business magnate Aliko Dangote has stated his desire to invest in the Mbinga coal mine to use the minerals for production of cement at his ongoing Mtwara cement plant construction once completed.
The Mtwara cement plant is expected to become among the drivers of the country’s rapid economic growth. The Dangote Cement plant in Mtwara is expected to produce three million tonnes of cement per year, about half of the country’s current production.
The businessman revealed his plans when he met Vice President Dr Mohammed Gharib Bilal at The second Africa Global Business Forum that took place in Dubai, in the United Arab Emirates where they exchanged views regarding his investments in Tanzania.
The cement moghul said he wants to use the coal to produce energy for use at his cement production plant at Mtwara plant and also expand the transportation sector in order to cope with demands for transportation of cement for use outside Tanzania.
He explained further that in the transportation sector alone, he plans to create 3,000 employment opportunities.
He also wants to provide training to his Nigerian staff in his country’s cement plant to enable them move with modern technology in areas of production.
He said he invested in Tanzania as a result of the country’s good investment policies, noting that if his Mtwara plant development goes as planned and once accomplished, production will immediately commence.
“I am sure the southern part of Tanzania will automatically change in terms of economic prospects due to investments in the area,” he said. For his part, Vice President Bilal who took part in the forum also attended by the East African Community (EAC) Secretary General, Ambassador Dr Richard Sezibera said African countries and in particular Tanzania have made promising strides in creating a conducive investment environment, despite facing various infrastructural challenges and bureaucracy.
The VP said Tanzania has joined the regional and national road network system to enable investors to easily invest in the country.The country also expects to have excess energy (power) in the near future, which will guarantee efficient production in areas of big industries demanding large amounts of energy, he said.
Dr Bilal stressed the need for other African countries to collaborate to ease the utilization of infrastructure in line with expansion of markets in those countries.
“Tanzania is ready to contribute its capacity in encouraging other countries to unite for the purpose of broadening relations, strengthening peace and widening investment opportunities,” he said.
Tanzania has close relations with its East African community partner states and those of the Southern African Development Community (SADC).
“Tanzania’s participation in these communities helps the country to cooperate with West African countries, enabling the gradual creation of a singular system of trade in the continent,” he stated.
The new Mtwara plant will be a boon to the construction and building industry with increased supply of cement for domestic consumption and exports, experts say, as cement is a cheap but bulky product.
Plants typically need to be near both limestone and consumers to make good money, they say, pointing out that Mtwara Region with areas rich in limestone and gypsum deposits provides an ideal opportunity for Dangote Cement to foray and consolidate its operations in eastern Africa.
The new cement plant is established strategically to tap the fast economic growth in Tanzania and the rising prosperity that will continue to create demand for housing, offices, roads, bridges and other concrete structures, the preview enunciates.
The Mtwara cement plant is expected to become among the drivers of the country’s rapid economic growth. The Dangote Cement plant in Mtwara is expected to produce three million tonnes of cement per year, about half of the country’s current production.
The businessman revealed his plans when he met Vice President Dr Mohammed Gharib Bilal at The second Africa Global Business Forum that took place in Dubai, in the United Arab Emirates where they exchanged views regarding his investments in Tanzania.
The cement moghul said he wants to use the coal to produce energy for use at his cement production plant at Mtwara plant and also expand the transportation sector in order to cope with demands for transportation of cement for use outside Tanzania.
He explained further that in the transportation sector alone, he plans to create 3,000 employment opportunities.
He also wants to provide training to his Nigerian staff in his country’s cement plant to enable them move with modern technology in areas of production.
He said he invested in Tanzania as a result of the country’s good investment policies, noting that if his Mtwara plant development goes as planned and once accomplished, production will immediately commence.
“I am sure the southern part of Tanzania will automatically change in terms of economic prospects due to investments in the area,” he said. For his part, Vice President Bilal who took part in the forum also attended by the East African Community (EAC) Secretary General, Ambassador Dr Richard Sezibera said African countries and in particular Tanzania have made promising strides in creating a conducive investment environment, despite facing various infrastructural challenges and bureaucracy.
The VP said Tanzania has joined the regional and national road network system to enable investors to easily invest in the country.The country also expects to have excess energy (power) in the near future, which will guarantee efficient production in areas of big industries demanding large amounts of energy, he said.
Dr Bilal stressed the need for other African countries to collaborate to ease the utilization of infrastructure in line with expansion of markets in those countries.
“Tanzania is ready to contribute its capacity in encouraging other countries to unite for the purpose of broadening relations, strengthening peace and widening investment opportunities,” he said.
Tanzania has close relations with its East African community partner states and those of the Southern African Development Community (SADC).
“Tanzania’s participation in these communities helps the country to cooperate with West African countries, enabling the gradual creation of a singular system of trade in the continent,” he stated.
The new Mtwara plant will be a boon to the construction and building industry with increased supply of cement for domestic consumption and exports, experts say, as cement is a cheap but bulky product.
Plants typically need to be near both limestone and consumers to make good money, they say, pointing out that Mtwara Region with areas rich in limestone and gypsum deposits provides an ideal opportunity for Dangote Cement to foray and consolidate its operations in eastern Africa.
The new cement plant is established strategically to tap the fast economic growth in Tanzania and the rising prosperity that will continue to create demand for housing, offices, roads, bridges and other concrete structures, the preview enunciates.
SOURCE: THE GUARDIAN
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