CORPORATE NEWS
Dangote Cement signs deal with Chinese firm to construct factories
N
igerian based company Dangote Cement has signed a US$4.34bn contract with a Chinese based construction company, Sinoma International Engineering Company
Limited, to construct 11 new cement plants in 10 African countries including Nepal in Asia. The Nigerian based Dangote cement ,is focusing to multiply its cement production capacity to 100 million tonnes by 2020. This was revealed by the Group’s president and owner, Aliko Dangote in regards to his massive investment of cement plants across Africa. Presently, Africa greatly needs to boost its infrastructural development by stimulating further demand and forcing down rising cost of the commodity through increasing its capita consumption of cement. Not long ago the group commissioned its 1.5 million metric tonnes grinding plant in Douala, Cameroon which was commissioned by the country’s President Paul Biya. Philemon Yang the country’s Prime Minister represented the President at the commissioning ceremony and laid the foundation stone for the jetty in Base Elf area, Port Autonome De Douala. According to President Biya, Dangote’s investment is right in line with his Government’s policy of inviting industries to contribute to the growth of the country’s gross domestic product. Moreover, the country is open to investors from the private sector from Nigeria and other countries in Africa. As described by the Group’s President, the recently commissioned plant in Cameroon is the largest Greenfield project whereby the two countries not only share a boundary but also a long history of brotherly relationship dating from their colonial days adding that Nigeria has a better understanding of Cameroun. However, the group is now looking at commencing the phase II of the plant to double its current capacity production of 1.5 million metric tonnes to 3 million metric tonnes per year given that Cameroun has the largest economy in Central Africa and is well endowed with abundant natural resources October 2015
KenGen wins big at East African Power Industry Awards
Plans to construct 500 housing units in Nigeria in top gear
The Kenya Electricity Generating Company scored a double win at the inaugural East African Power Industry Awards in Nairobi on Thursday evening when the utility won the Outstanding Clean Power Award and also took top place in the Excellence in Power Generation category.Other popular winners were Dr Albert Butare, former Energy Minister of Rwanda who won the Lifetime Achievement Award for East Africa, as well as H.E. Dr Elham Mahmoud Ahmed Ibrahim from Ethiopia who is the African Union’s Commissioner for Infrastructure and Energy who won the Outstanding Woman in Power, Regional Award East Africa. The awards honour the outstanding power professionals and projects in the East African region and the sold-out gala dinner took place during the East African Power Industry Convention.
The Federal Capital Territory (FCT) in Nigeria has partnered with the B.A.M Projects and Properties, an Abuja-based property developer to construct 500 affordable housing units in Nigeria for the FCT residents. The project is part of a wider plan by the government to reduce the housing deficit gap already existing in the country. According to Kelvin God’swill Musa, the B.A.M Projects and Properties Communications Officer, the project will be located at Belham Estate in Karsana District near Gwarimpa Estate. However, the project construction will be executed on a 45 hectares of land that will contain 2-bedroom apartments, 3-bedroom town houses, 3-bedroom luxurious apartments, 4-bedroom detached bungalows and 5-bedroom villas. Abba Mohammed, the B.A.M projects and properties director says that the company started eyeing the mass housing project in Nigeria three years ago and are now ready to execute the construction project having secured a development and leasing approval from the Nigerian Federal Capital Territory Administration under the mass housing scheme of the FCDA. B.A.M has a clean record in developing mass housing units in the FCT a move that gave them a competitive edge over other companies in Nigeria eyeing a similar project. Mohammed said that the company is an emerging mass housing developer in the FCT having complied with the necessary procedures for registration such as payment of compensation to original settlers, approval of the engineering design and a certified development plan.
Arabtec to construct housing project in Egypt Leading construction company in the UAE Arabtec, will proceed with the construction of a housing project in Egypt a statement from the company has confirmed. Arabtec has rubbished a section of media claims that they were pulling out of the agreement signed by Egypt to carry out the multimillion dollar project in Egypt. The Dubai listed company aims to construct a million housing units in Egypt. In a statement released by the company it denies the withdrawal plans published in a section of media and says they are currently in discussion with relevant bodies and parties in Egypt to ensure the project kicks off.
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