logoBC
Yaoundé - 22 October 2019 -
Companies

“Continuous security challenges” and “1.6Mta new competitor capacity” affected Dangote Cameroon’s H1, 2019 sales

“Continuous security challenges” and “1.6Mta new competitor capacity” affected Dangote Cameroon’s H1, 2019 sales
  • Comments   -   Wednesday, 07 August 2019 12:04

(Business in Cameroon) - Nigerian cement giant Dangote Cement PLC recently published its H1, 2019 results statement. According to figures available in the report, the Cameroonian subsidiary’s sales decreased during the period under review.  

Our 1.5Mta clinker grinding facility in Douala sold approximately 0.6Mt of cement in H1 2019, a 7.1% decrease on the 0.64Mt sold in H1 2018. We estimate our market share to have been 40% during the period (…) The decrease in our sales can be attributed to the continuous security challenges in the North West and South West regions, resulting in reduced activity, as well as the 1.6Mta new competitor capacity,” the group writes.

Dangote estimates that in H1, 2019, the cement market in Cameroon was about 1.5 million tons mainly because of the government’s social housing project and individual construction projects.

Sylvain Andzo

cameroon-secondary-education-ministry-sensitizes-the-youth-on-environmental-problems-via-distribution-of-biogas-production-kit
On October 23, Homebiogas, an Israelian renewable energies company, will hand a biogas production kit to Nkol-Eton College in Yaoundé, Cameroon, the...
french-chocolate-maker-puratos-eyes-cameroonian-cocoa
Today October 21, 2019, a delegation of French chocolate maker Puratos was in Ntui, in the Central region, Cameroonian Minister of commerce Luc Magloire...
cameroon-public-treasury-plans-to-issue-card-for-civil-servants-salary-payment
During an interview, on October 21, 2019, Achille Nestor Basahag, director of accounting at the Cameroonian ministry of finance, revealed that in the...
cameroon-xaf3-500-bln-needed-for-the-reconstruction-of-anglophone-regions-rdpc
In Cameroon, more than XAF3,500 billion ($5.9 billion) will be needed to reconstruct the Anglophone regions, Jacques Fame Ndongo (photo), the ruling...

Mags frontpage


Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres


Reviewing the state of things in the North and Far North


Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »


Décollage réussi pour la Transahélienne de Camair-Co