News on dangote cement

Here are some recent news updates on Dangote Cement:

Recent Developments:

  1. Expansion Plans: Dangote Cement has announced plans to expand its operations in Nigeria and other African countries. The company aims to increase its cement production capacity to 80 million metric tons per annum by 2025. (Source: Vanguard News)
  2. New Plant in Nigeria: Dangote Cement has commissioned a new cement plant in Okpella, Edo State, Nigeria. The plant has a production capacity of 3 million metric tons per annum. (Source: ThisDay Live)
  3. Investment in Ethiopia: Dangote Cement has invested $500 million in a new cement plant in Ethiopia. The plant is expected to produce 2.5 million metric tons of cement per annum. (Source: African Business)
  4. Sustainability Efforts: Dangote Cement has launched a sustainability strategy aimed at reducing its environmental impact. The company plans to reduce its carbon footprint by 30% by 2025. (Source: BusinessDay)
  5. Awards and Recognition: Dangote Cement has won several awards, including the "Best Cement Company in Africa" award at the 2020 African Business Awards. (Source: African Business)

Financial Performance:

  1. Revenue Growth: Dangote Cement's revenue grew by 14.4% to N1.35 trillion (approximately $3.6 billion) in 2020. (Source: The Punch)
  2. Profit After Tax: The company's profit after tax increased by 15.6% to N242.6 billion (approximately $640 million) in 2020. (Source: The Punch)
  3. Dividend Payment: Dangote Cement paid a dividend of N16.50 per share to its shareholders in 2020. (Source: The Punch)

Industry Trends:

  1. Cement Demand: The demand for cement in Nigeria and other African countries is expected to continue growing due to infrastructure development and urbanization. (Source: BusinessDay)
  2. Competition: The cement industry in Nigeria is highly competitive, with several players vying for market share. (Source: Vanguard News)
  3. Government Support: The Nigerian government has announced plans to support the cement industry by providing incentives and reducing taxes. (Source: The Punch)

These are just a few of the recent news updates on Dangote Cement. If you're looking for more information, please let me know!