Dangote Cement has said it is no longer interested in acquiring South Africa’s largest cement producer, PPC.
Dangote Cement has launched a rival takeover offer for South African cement maker, PPC, opening up a potential bidding war with Afrisam.
PPC has received a proposal from Canadian investment company, Fairfax Africa Investments, that would include its merger Afrisam, as well as two rival bids from unnamed African cement makers.
Dangote expects commercial production of cement to begin by July at its new plants in Republic of Congo.
Foreign cement companies in Ethiopia are being asked to allow unemployed youths to control their pumice mines.
The Nigerian government has praised Dangote Cement for its role in making Nigeria self-sufficient in its production of cement.
Nigeria-based Dangote Cement saw cement sales of 2 million tpy from its Mugher plant in Ethiopia – including some exports.
Dangote Cement appears to have pushed back plans to open cement production facilities in Kenya to 2020/2021 – but could continue to import into the East African country from its Ethiopian plant.
Dagnote Cement will begin construction of a coal-fired power plant in Tanzania to supply electricity to its new 3 million tpy cement plant in Mtwara.