Govt pledges support to investor

The Tanzania Investment Centre (TIC) has reiterated government’s commitment to support successful completion of a major cement factory in Mtwara Region.

The plant, whose completion is scheduled 27 months from now, will have the capacity to produce up to three million tonnes per year.

The cement factory, owned by a renowned Nigerian tycoon, Mr Aliko Dangote, is also expected to create over 12,000 jobs upon completion.

TIC executive director Juliet Kairuki, made the assurance at the weekend in Dar es Salaam when meeting a delegation of officials from Dangote Group.

She said the government support was in form of fast tracking a land title deed over land to be occupied by the plant as well as linking it to appropriate government bodies. “We are also making sure that necessary legal documents are processed in time to ensure smooth operations. This is for mutual benefit of the two sides,” she said.

For his part, the group’s managing director DVG Edwin, thanked TIC and the government for encouraging them to invest in Tanzania. “We appreciate the help we have got so far,” he said.

He said the cement to be produced will be commercially competitive and benefit the country’s construction sector which is very crucial in attaining sustainable development. “Our philosophy is to have products at reasonable price,” he said.

Upon completion, the investment expects to be valued at $750 million.

2011 statistics show that Tanzania faced a cement deficit of a million tonnes, so the investment will help solve the problem.

The investor has interests in various countries in Africa.

Apart from cement, Dangote Group owns sugar refineries, flour milling and salt processing.
Source: The Citizen, reported from Dar es Salaam, Tanzania
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