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