Dangote Cement boosts Ghana Economy, adds 5,000 Jobs

Activities of Dangote Cement Company in Ghana is helping boost the country’s economy and would create job openings for about 5,000 unemployed persons.

The pan African cement giant has procured 1,000 brand-new-trucks to facilitate the distribution of products into all parts of Ghana to aid availability of cement across the country.

The development has created a window of job opportunities for drivers, truck driver assistants and loaders to work in the company.

According to the company’s media relations manager Mr Etornam Komla, these trucks arrived in three different vessels at the shores of Tema Port Ghana, between July 4th and July 8th, 2016.  He stated; “We’ve started the recruitment exercise and by the end of July, all of the drivers will be on board.”

The recruitment exercise, according to Komla, is part of the company’s objective of contributing to Ghana’s economic growth through job creation and honouring tax obligations.

“These are components of the Company’s mission in Ghana which is to stimulate its economy.”

He said the manufacturer has also invested over $100 million in the construction of a new plant in Takoradi in the Western Region. The plant which will be a state of the art modern Cement Grinding Plant will have the capacity to produce about 1.5 million tonnes of cement per annum.

“This project when completed will further cement the presence of Dangote Cement business in Ghana and is a further proof of our commitment to the Infrastructural development of the country and will also enable us to meet the growing demands a ross other countries in West Africa.”

Though, Cement manufacturing has taken the centre stage of the businesses of Aliko Dangote, the owner of the Dangote Cement Ghana, has recently made a foray into oil and gas, investing in key industries such as Petrochemicals, Refinery and Fertilizer within Nigeria.

The Petro Chemical complex where these plants are being built occupies a land complex in excess of 2,100 hectares. These projects will cost in excess of $12 billion. The Oil Refinery has a capacity of 650,000 barrels per day and over 3,000,000 Ammonia and Urea plants.

Mr. Dangote told Reuters that these businesses will be ready between 2018 and 2019.

In addition, there is a plan to build a 550KM Gas Pipeline across Nigeria and into West Africa, Reuters adds.

Dangote Cement is Africa’s leading cement producer with 44 million tonnes per annum (Mta) of capacity operational at the end of 2015, having its presence in Nigeria, Cameroon, Ethiopia, Senegal, South Africa, Tanzania and Zambia.

Dangote Cement has three regions: Nigeria, West & Central Africa and South & East Africa, each with its own CEO and CFO reporting to the Group CEO and Group CFO respectively.

Dangote Cement was founded at a time when Nigeria was almost entirely dependent on imports. Indeed, importation of cement was the country’s main business for many years until the Federal Government launched its industrial policy of Backward Integration in 2002.

This bold initiative was designed to reduce Nigeria’s dependence on imports by encouraging the industry to build enough capacity to serve Nigeria’s needs, not just in that decade but long into the future.

Probably Africa’s most attractive market for cement, Nigeria has substantial limestone and energy resources, a large and increasingly prosperous population, strong GDP growth and a pressing need to improve infrastructure and housing on a massive scale.

Dangote Group invested billions of dollars building new capacity that has singlehandedly helped Nigeria to become self-sufficient in cement, and in the process the company has created thousands of jobs across the country in factories, logistics, sales and support.

At 13.25Mta, Dangote Cement, Obajana Cement Plant in Kogi State, Nigeria, is the largest in Africa and one of the largest and most profitable cement factories in the world, employing thousands of people directly and indirectly, it was opened in 2008 as a 5Mta plant and has twice been extended in size.

Although Obajana is primarily gas-fuelled, the company recently commissioned coal facilities to fuel its kilns as well, being significantly cheaper as a back-up fuel than the low-pour fuel oil (LPFO) we had originally used.

The Ibese Cement Plant in Ogun State has four gas-fired cement lines with a combined capacity of 12Mta, while the first two lines were inaugurated in February 2012 and the second pair of lines came on stream in late 2014, as Obajana, Ibese is abandoning the use of LPFO in favour of coal.

The Gboko Cement Plant in Benue State has 4Mta of capacity; acquired originally during the privatisation exercise in Nigeria, which was refurbished and upgraded to its present capacity.

Originally designed to use LPFO, Gboko is being equipped with coal milling facilities so that its kilns can run cost-effectively on the cheaper fuel.

Over the past few years, the profitability and strong cash generation of the company’s operations in Nigeria have helped Dangote Cement to expand its business across Sub-Saharan Africa with a mixture of integrated, grinding and import facilities.

Source: Footprint to Africa

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