Africa’s largest cement company, Dangote Cement Plc has boosted its on-going efforts for economic emancipation of Africa by formally opening its 1.5 million tonnes per annum capacity cement plant in Mfila, Congo Brazzaville.
The new plant estimated at $300 million could potentially employ 1 000 direct employees and avail thousands of indirect jobs. President Denis Sassou Nguesso while inaugurating the plant, which is the biggest in Congo Brazzaville, said the investment would be an industrial revolution within the Economic Community of the Central African States (CEMAC).
According to the President, his government has observed the operations of Dangote cement in other African countries and said he’s see how Dangote has helped buoy those economies.
The Congolese President described the coming on stream of the Dangote cement as timely and encouraging because it is starting operations at a time the total government revenues have plummeted by 31.3%.
Revenues from the oil sector have fallen 65.1% since 2015 due to a slide in global crude prices.
Nigerian President, Mohammadu Buhari who was represented at the event by a powerful delegation led by the Minister of Mines and Steel Development, Dr Kayode Fayemi commended Dangote cement owner, Alhaji Aliko Dangote for the construction of cement plants across several African countries saying the accomplishment makes the Dangote Cement brand, and Aliko Dangote himself, worthy ambassadors of Nigeria.
“I believe that it is only home-grown practical solutions that can address the myriad issues plaguing Africa today and one of such challenges that Africa has been grappling with for decades is the infrastructure deficit. I am confident that massive investments in cement production, which is a key driver of infrastructural development, will contribute in no small measure, to addressing this perennial problem,” said Buhari.