Business, Cameroun, Top News

Cameroon: green light to Dangote to operate pouzzolane

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The Cameroonian government has just granted an approval to the Nigerian industrialist, Aliko Dangote for the operation of a quarry of pozzolana in the locality of Tombel, South-west. The piece of news is from our colleagues of APA.

For a possibly renewable duration of five years, this approval covers twenty seven hectares and could generate hundred employments in addition to the annual royalty the amount of which was not revealed, that Dangote group will have to pay to the municipality of Tombel and to the local residents.

This raw material will allow producing cement in the factory that the Nigerian billionaire built in Douala, the economic capital town of Cameroon, and which official release into service is planned in this October 2014.

The investment is at the amount of 50 billion FCFA for an annual production of 500 000 tons of cement from the launching of activities that can increase to one million tons of cement per year.

The release into service of this factory will raise to 2,5 million tons the production of cement in Cameroon, among which 1,6 million tons for the Cameroon Cement Factory (CIMENCAM) of the Moroccan group, Addoha while the need is estimated at a little more than 3 million tons of cement per year.

Original text by: Blaise AKAME

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