• About
  • Advertise
  • Contact
Tuesday, October 21, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

2023 Half Year : Dangote Cement Posts Robust Pan-African Performance

Vital News by Vital News
July 31, 2023
in Business, Economy, Environment
0
2023 Half Year : Dangote Cement Posts Robust Pan-African Performance
Share on FacebookShare on Twitter

 

Dangote Cement has reported a robust pan-African performance for the half year ended June 30, 2023, with sales volume hitting 5.4Mt.

The pan-African region includes all the cement plant’s operations outside Nigeria.

Total sales volume for the Group within the period was 13.4Mt.

According to the company’s six months unaudited results, sales volume for pan-African operation was up 11.6 per cent compared to 4.9Mt in H1 2022.

RelatedStories

FAAC Shares N2.103 trillion September 2025 Revenue Among FG, States, LGs

Dangote Seeks Urgent Legal Backing For “Nigeria First” Policy To Drive Growth In Manufacturing Sector

Nigeria’s Inflation Drops To 18.02pct

Niger Delta Peace Gains Momentum as Lokpobiri Backs Tompolo’s Initiatives

The total pan-African volume accounts for 40.4 per cent of Group volumes in the half year.

The pan-African operations performance is attributable to robust demand, particularly from Ethiopia, Senegal, Zambia, and Congo.

Hence , pan-African revenues grew by 81.8 per cent to ₦336.4 billion.

Group revenue rose by 17.7 per cent to N950.8 billion.

Recuring profit after tax was up by 37.4 per cent to ₦292.2 billion while Profit after tax (PAT) rose by 3.8 per cent to N178.6 billion.

In his reaction, the Chief Executive Officer, Dangote Cement, Arvind Pathak, described the results as heartwarming.

“Dangote Cement delivered positive results in the first half of the year.

“Our Nigeria operations achieved a 22.6% recovery in sales over the first quarter, which was impacted by the general elections and the cash crunch.

However, the steep currency devaluation in mid-June slowed this volume recovery and increased already inflated operating cost.

“We navigated the tough terrain, thanks to our strong operational framework and rigorous focus on cost management.

“I am pleased at the remarkable improvement witnessed in our pan-Africa operations,”
Pathak stated

He saud that the 0.4Mta grinding plant in Ghana has commenced operation while the completion of a 1.5Mta grinding plant in Cote d’Ivoire is on track.

He said, “We will continue to focus on our strategic growth priorities, hinged on our vision of transforming Africa and building a sustainable future.

“I am optimistic that our business remains resilient and well positioned to overcome unforeseen macroeconomic headwinds.”

Dangote Cement is Africa’s leading cement producer with 52.0Mta capacity across Africa.

A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in the home market, Nigeria.

Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines; Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta; Gboko plant in Benue state has 4Mta; and Okpella plant in Edo State has 3Mta.

Through recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement serving neighbouring countries.

Dangote Cement has operations in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (2.0Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta) and Zambia, (1.5Mta).
(vitalnewsngr.com)

Tags: cementClinkerDangoterobust
Previous Post

Collapse Building : Dangote To Establish Block Makers Academy

Next Post

Text of the National Broadcast by President Bola Tinubu to Nigerians on Current Economic Challenges

Vital News

Vital News

RelatedStories

FAAC Shares N2.22 trillion August 2025 Revenue Among Federal, States, Local Governments
Economy

FAAC Shares N2.103 trillion September 2025 Revenue Among FG, States, LGs

October 17, 2025
Dangote Seeks Urgent Legal Backing For “Nigeria First” Policy To Drive Growth In Manufacturing Sector
Economy

Dangote Seeks Urgent Legal Backing For “Nigeria First” Policy To Drive Growth In Manufacturing Sector

October 16, 2025
Capital Inflows Into Nigeria Up By 67.12% In Q1 2025
Economy

Nigeria’s Inflation Drops To 18.02pct

October 15, 2025
Niger Delta Peace Gains Momentum as Lokpobiri Backs Tompolo’s Initiatives
Environment

Niger Delta Peace Gains Momentum as Lokpobiri Backs Tompolo’s Initiatives

October 15, 2025
PMI Endorses Dangote Refinery As A Global Benchmark For Project Excellence
Economy

PMI Endorses Dangote Refinery As A Global Benchmark For Project Excellence

October 14, 2025
Next Post
Tinubu Appoints Dele Alake, Nuhu Ribadu, 6 Others Special Advisers

Text of the National Broadcast by President Bola Tinubu to Nigerians on Current Economic Challenges

Tinubu Congratulates Akpabio, Abbas , Says It is time for Business of Governance

Tinubu, Six Govs. To Grace 63rd Independence Anniversary of Republic of Benin

Subsidy Removal : Tinubu Orders Release Of Buses To Tertiary Institutions, Halts Arbitrary Charges

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Security : Akeredolu Accuses FG Of Double Standard, Says Amotekun Corps Will Carry AK-47 Rifles

3 years ago
We’ll Make One Woman In Every Household A Farmer, Says Benue Deputy Gov’s wife

We’ll Make One Woman In Every Household A Farmer, Says Benue Deputy Gov’s wife

2 years ago
Zimbabwean Goalkeeper George Chigova, 32, Collapses, Dies At Home

Zimbabwean Goalkeeper George Chigova, 32, Collapses, Dies At Home

2 years ago

INEC promises to meet international best practices during Ekiti governorship election

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

How Emirates Cargo Plane Skidded Off Runway In Hong Kong, Kill Two Persons On Ground

APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement

NDLEA Bursts Consignments Of Drugs Going To US, UK, DRC, Arrests Two Suspects

Man Suspected To Be Drug Supplier To Bandits Arrested In Kogi With N600,000 Cash

2027 : Kogi APC Members Adopt, Endorse President Tinubu, Ododo For Second Term In Office

Acting National Chairman, National Secretary Can Take Decisions On behalf Of SDP, Appeal Court Rules Against INEC

Trending

Ember Months : FRSC, Fleet Operators, Driving Schools,  Partner To Enhance Safety On Roads
News

Ember Months : FRSC, Fleet Operators, Driving Schools, Partner To Enhance Safety On Roads

by Vital News
October 20, 2025
0

The Federal Road Safety Corps (FRSC) says it is intensifying partnerships and capacity-building engagements with fleet operators...

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities

Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities

October 20, 2025
ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities

ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities

October 20, 2025
How Emirates Cargo Plane Skidded Off Runway In Hong Kong, Kill Two Persons On Ground

How Emirates Cargo Plane Skidded Off Runway In Hong Kong, Kill Two Persons On Ground

October 20, 2025
APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement

APC Stakeholders Urge LG Chairmen To Respect Senator Karimi’s Stance On Purported Endorsement

October 20, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Ember Months : FRSC, Fleet Operators, Driving Schools, Partner To Enhance Safety On Roads October 20, 2025
  • Gov. Ododo Approves Installation Of 500kva Transformers In 30 Kogi Communities October 20, 2025
  • ADC Suspends National Vice Chairman, Usani Usani,, For Anti-Party Activities October 20, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In