Tanzania could draw US$9.2 billion in cement investment
Published by Joseph Green,
Editor
World Cement,
Bloomberg is reporting that three companies plan to invest as much as 20 trillion shillings (US$9.2 billion) in Tanzanian cement production in projects that could double the nation’s installed capacity.
The government of East Africa’s second-biggest economy, with gross domestic product of US$45 billion, has infrastructure projects planned, including the US$10 billion Bagamoyo port development, a US$7-billion railway and a US$4-billion crude oil pipeline from neighbouring Uganda that will require cement.
Units of HeidelbergCement AG of Germany, Jona, Switzerland-based LafargeHolcim Ltd and Afrisam Investment Holdings Ltd. of South Africa already operate in the country and have installed annual capacity of 10.3 million t. Production in Tanzania is about 7.1 million tpy, while local consumption is 4.1 million t. The surplus is exported to neighbouring countries such as the Democratic Republic of Congo.
Read the article online at: https://www.worldcement.com/africa-middle-east/08122016/tanzania-could-draw-us92-billion-in-cement-investment/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
GCCA India visits Leilac-1
GCCA India and Indian cement sector representatives visit Leilac to discuss cement decarbonisation.