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    You are at:Home»Construct Africa»Dangote Cement vows to make Africa self-sufficient in cement production – Nigeria Independent Newspaper
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    Dangote Cement vows to make Africa self-sufficient in cement production – Nigeria Independent Newspaper

    Xsum NewsBy Xsum NewsApril 29, 2026No Comments4 Mins Read0 Views
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    lagos – Dangote Cement Plc has reaffirmed its determination to make Africa fully self-sufficient in cement production, strengthening the continent’s industrial base and reducing dependence on imported construction materials.

    In a strategic briefing on the company’s expansion drive, Dangote Cement Group Managing Director Arvind Pathak highlighted that the company is accelerating investments across African markets to address supply gaps and support the continent’s infrastructure ambitions.

    According to him, “Our vision is clear: to ensure that Africa produces enough cement to meet its own needs…Through continued expansion, operational excellence and a strong distribution network, we are positioning Dangote Cement to drive growth across the continent. We are not just building a business, we are building Africa’s future.”

    Pathak added that Dangote Cement remains Africa’s leading cement producer and is targeting a production capacity of 90 million tonnes per year across Africa by 2030.

    “With our collective determination, we have eliminated Nigeria’s dependence on imported cement and transformed Nigeria into a net exporter of cement to several neighboring countries,” he said.

    Dangote Cement currently operates in multiple countries in Africa, with strategically located integrated factories, grinding facilities and distribution hubs to serve diverse markets. The company’s ongoing projects include plant upgrades, expansion of production capacity, and implementation of advanced energy-efficient technologies designed to reduce operating costs and carbon emissions.

    Reinforcing the company’s long-term vision, Founder and President Aliko Dangote said self-sufficiency is an economic imperative as well as a responsibility to the continent.

    “Africa has no reason to be dependent on cement imports,” Aliko Dangote said. “We have the raw materials, the talent and the determination. Dangote Cement’s goal is to unlock Africa’s potential by ensuring that all countries on the continent have access to affordable, locally produced, high-quality cement. This is how we will build prosperity, job opportunities and sustainable development.”

    Dangote added that the company’s investments reflect the company’s passion to unlock the continent’s competitiveness and foster industrialization across Africa.

    With major infrastructure projects on the rise across African cities, from highways and bridges to housing developments, demand for cement continues to grow. Dangote Cement is taking new steps towards continental self-sufficiency, which is expected to address supply challenges, stabilize prices and improve construction reliability in the coming years.

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    World Malaria Day: Chevron steps up efforts to eradicate malaria across Africa UBA Plc announced that its total assets grew to N33.2 trillion in 2025, an increase of 9.4% from the N30.3 trillion recorded the previous year. According to the company’s Audited Financial Statement (AFS) for the year ended December 31, 2025, UBA also recorded customer deposits of N27.2 trillion, an increase of 11.8% from N24.3 trillion in 2024. According to AFS published on the Nigeria Exchange Limited (NGX), UBA’s total profit was reported at N3.09 trillion, a slight decrease from N3.19 trillion in 2024. However, despite the decline, the bank said the year reflected its strategic balance sheet repositioning towards long-term sustainability. UBA said its performance was strengthened by a strong core business foundation and a diversified pan-African footprint. “Overall, the bank’s 2025 performance was impacted by prudent and forward-looking risk management decisions, including loan loss provisions of N331 billion and changes in the fair value of derivatives amounting to N278 billion,” the statement said. “While these changes are non-recurring in nature and have weighed on profitability, they are not expected to recur on a similar scale in the future.”However, the bank said its underlying performance remained strong, with operating profit excluding special items exceeding N1 trillion. “The bank’s capital base has also been strengthened, with shareholders’ funds increasing from N3.42 trillion to N4.25 trillion in 2024, while shareholders’ equity and premium reached N505 billion due to share issue,” the statement further reads. “The Group’s capital adequacy ratio of 23.2% provides a solid foundation for future growth, and the Bank has also stepped up its recovery efforts with a strengthened recovery team aggressively pursuing delinquent exposures, ensuring recoveries have a positive impact on earnings for the full year 2026 and beyond.” The bank’s Group Managing Director and CEO, Oliver Arauva, while speaking on the results, said UBA continues to demonstrate the true strength of its pan-African diversification model, despite a modest bottom line performance compared to last year’s highs. “Fiscal year 2025 was defined by UBA’s proactive approach to the new recapitalization requirements of the Central Bank of Nigeria (CBN),” Mr. Arauba said. 2025 gross profit reaches 3 trillion yen, customer deposits increase by 11.8% EKEDC team tours Coleman factory, calls for government support for local cable manufacturing FCMB expands pharmaceutical business with N6 billion package from BOI fund Emirates unveils Starlink-enabled A380, promises ‘better than home’ connectivity at 40,000 feet Q1 2026: Cost efficiencies contribute to revenue surge, BUA Cement profits jump 117% to 176.4 billion naira

    Africa Cement Dangote independent Newspaper Nigeria production selfsufficient vows
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