Ghana ’ s President John Dramani Mahama inaugurated a EUR60-million cement factory in Tema , Ghana , on behalf of Moroccan Ciments de l ’ Afrique ( CIMAF ). The plant was built following an agreement signed between the government and CIMAF in 2014 , with ground broken in July that year . According to CIMAF group president , Anas Sefrioui , the factory will produce one million tonnes of cement annually , and has employed about 1 200 workers from the beginning of the project to date . Production levels could move to five million tonnes by 2050 . The cement plant is the first Moroccan government investment in Ghana . Thirty Ghanaian technicians have been sent for training in Morocco in the handling of various departments of the plant on completion .
Scandinavian energy company Global Oil Shale will set up a mega-cement plant worth USD296.5-million along the Atlantic coast of Morocco , east of the town of Tarfaya , according to the Morocco World News . The new plant will cover an area of about 2 500km 2 and have a 1.6 milliontonne annual capacity , using local deposits of oil shale as an energy source . Global Oil Shale signed a convention with Morocco ’ s National Office of Hydrocarbons and Mines ( ONHYM ) for the evaluation of Timahdit and Tarfaya deposits as well as its oil shales , as part of its strategy to develop a market-scale oil shale project in Morocco . The project was temporarily suspended due to a strategic change of plan that saw new opportunity in cement production , particularly in west Africa .
Financial Afrik reports that director and resident head of mission of the West African Development Bank ( BOAD ) in Côte d ' Ivoire , Oumar Tembely , visited Diamond Cement ’ s new grinding station 40km outside of Abidjan to examine the progress of its investment . Construction on the Anyama plant , which began in January 2015 , is approximately 85 % complete , and the plant is scheduled to open in March 2017 . Once complete , the plant will add 500 000 tonnes of cement to the country ’ s annual production . According to the Association of Côte d ' Ivoire Cement Producers ( APCCI ), Côte d ' Ivoire ’ s production increased from 2.99 million tonnes in 2015 to 4.19 million tonnes in 2016 , and is expected to rise to 6.3 million tonnes in 2017 .
Tanga Cement wins top NBAA award
Tanzania ’ s Tanga Cement Company Limited ( TCCL ) has been announced the winner of the best presented financial statement for 2015 from the National Board of Accountants and Auditors ( NBAA ), according to a report in the country ’ s Daily News newspaper .
The awards are presented annually by the board to various public and private institutions as well as companies that have consistently maintained the required financial records , and aim to promote integrated reporting through enhanced accountability , transparency and integrity in compliance with appropriate financial reporting framework .
Speaking in Dar es Salaam after receiving the award , TCCL chief financial officer Pieter de Jager said that the award was a reflection of the cement company ’ s commitment to putting quality first .
NBAA executive director , Pius Maneno , said that increased participation by the
Tanga Cement has been awarded best presented financial statement for 2015 .
public sector underpins the commitment to more open accountability in the use of public funds and offers the entities an opportunity to be assessed against global standards .
According to assistant commissioner fiscal policy in the Ministry of Finance and Planning , Shogholo Msangi , responsible financial reporting contributes significantly to ensuring that financial information announced by the entities is reliable , enabling investors make informed decisions .
Tanga Cement
8 _ QUARRY SA | JANUARY 2017