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Dangote Cement: Pan-African revenue for half-year grows by 139.9%

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Nasiru Yusuf Ibrahim

 

Dangote has continued to attract huge forex into the country through his pan-African operations as the half-year result for Dangote Cement indicates an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1 billion as against N336.4 billion, reported in the corresponding period of 2023.

KANO FOCUS reports that the cement plant also reported a 10.9 percent increase in the Nigerian market which rose from 8.0Mt to 9.0Mt in the half year ended June 30, 2024. According to the 2024 half-year results of the cement company, group volumes rose by 3.8 percent to 13.9Mt. Group revenue was up by 85 percent to N1,760 billion compared to N950 billion at the corresponding period in 2023 driven by 60 percent growth in Nigeria which rose to N991 billion from N618 billion.

A statement sent to KANO FOCUS by Dangote Industries Limited said as part of continuous efforts to promote a cleaner environment, Dangote Cement commissioned 11 of the 17 Alternative Fuel Projects across the Group and also took delivery of 300 full CNG trucks for its Nigerian business. It achieved a thermal substitution rate estimated at 10.5 percent for H1 2024 compared to 7.8 percent in H1 2023.

Chief Executive Officer, Dangote Cement, Arvind Pathak, in his remarks, said: “We effectively navigated macroeconomic headwinds to deliver positive results in the first half of the year. Group volumes were up 3.8%, with our Nigeria operations achieving double-digit volume growth of 10.9%. This growth was driven by improved efficiency across our operations and supported by increased market activity levels compared to the election year and cash crunch in 2023.

Despite the challenges of elevated inflation, high borrowing costs, and a further weakening of the currency in the first six months of the year, our business demonstrated strong resilience. This was due to our rigorous focus on cost minimisation and our diversified business model.”

He added, “Group revenue and EBITDA rose 85.1% and 50.3% to ₦1,760.1 billion and ₦666.2 billion, respectively. Our Profit After Tax (PAT) reached ₦189.9 billion, marking a 6.3 percent increase. I am pleased with the performance of our business, as key financial indicators are showing positive trends.

By leveraging our robust export-to-import strategy, Dangote Cement completed fourteen shipments of clinker from Nigeria to Ghana and Cameroon. This effort resulted in a 55.2 percent surge in our Nigerian exports, underscoring our commitment to fostering African self-sufficiency.

Looking ahead, we remain bullish about the growth prospect of the African region, evident in our increased capital investments. We continue to prioritise innovation, cleaner energy transition, and cost leadership towards achieving our vision of transforming Africa and building a sustainable future.”

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Kano SSG assumes duty, pledges to operate open door policy

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Nasiru Yusuf Ibrahim

 

The newly appointed Secretary to the State Government of Kano State, Alhaji Umar Farouq Ibrahim has assumed office on Monday. 

KANO FOCUS reports that his arrival ignited jubilations and enthusiastic reception by entire staff of the Cabinet Office.

A statement sent to KANO FOCUS on Monday by information officer cabinet office, Musa Tanko said some associates as well as other well wishers assembled at the cabinet office to welcome the new SSG.

The statement added that the staff described Ibrahim’s appointment as a homecoming, owing to the fact that he had served in the office in different capacities.

Receiving the SSG on behalf of the Cabinet Office community, the Permanent Secretary, Research, Evaluation and Political Affairs (REPA) Directorate, Alhaji Umar Muhammad Jalo, expressed delight for the appointment and stated that the choice of Alhaji Umar Farouq Ibrahim was a welcome development and highly befitting.

He further stated that, the SSG knows the terrain of the job very well and expressed hope that Kano State is heading towards positive turn around at the state engine room and bringing the divident of democracy to the general public.

In a similar development, members of the Payroll Standing Committee led by their Deputy Chairman, Alhaji AbdulMalik Rogo, paid a solidarity visit to the newly appointed SSG, Alhaji Umar Farouq Ibrahim.

Alhaji AbdulMalik Rogo stated that, immediately after the announcement, both conventional and social media platforms were agog with praises and well wishes were flowing in from different angles. This alone was a clear indication, that the appointment was well deserved.

He added that, this was part of the reason the committee members took the lead to celebrate the SSG. He pray to God to guide him to succeed in the newly assigned task.

Expressing his appreciation for the visit, the SSG stated that he has made a vow to Governor Yusuf, that he will put in his best to serve the state.

He also revealed that “Anybody or groups with meaningful ideas to further develop our dear state is welcome.” he assured that, he would operate an open door policy which has been his guiding principle during his civil service career.

“I am profoundly gratitude to Almighty Allah. As I appreciate His Excellentcy, Alhaji Abba Kabir Yusuf for reposing his confidence in me. To serve the state in this capacity. And I promise not to disappoint him,” he concluded.

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Dala community commends Gov Yusuf for appointing Waiya as commissioner

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Nasiru Yusuf Ibrahim

 

Kan Tudu Community in Dala local government area of Kano state has applauded Governor Abba Kabir Yusuf for appointing Comrade Ibrahim Abdullahi Waiya as commissioner of information and internal affairs.

KANO FOCUS reports that elders, youth, women groups as well as politicians in the community gathered on Sunday evening to honor the commissioner for his well deserved appointment.

Alhaji Dayyabu Maiturare, the chairman NNPP in Dala local government, commended the foresight of Governor Yusuf for appointing the right person as the government spokesperson.

On this part, Kan Tudu ward chairman of the New Nigeria People’s Party (NNPP) Alhaji Abdulkadir Danladi Nasidi said, the event was organized to express appreciation to Governor Yusuf for appointing their Son into his cabinet.

He said Waiya is known in Kano and beyond for his struggle to protect the interest of the common man, and demonstrated capacity to represent his people.

Responding, Waiya expressed gratitude to Kan Tudu Community for honoring him, assuring that he will contribute his quota to provide development programme including youth empowerment and job creation through a foundation.

He assured of Governor Yusuf and national leader of the NNPP Engineer Rabiu Musa Kwankwaso of unshakable support from Dala local government area.

The commissioner asked his constituents to direct his critics who are saying he is not a politician, to the house of Alhaji Uba Jigo, his political mentor.

The event was attended by representatives of business community, women, academics, youth groups, politicians among others.

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GSS Garko class 88 holds AGM, appoints Sabo Isa Garko interim chair

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Nasiru Yusuf Ibrahim

 

Class 1988 of Government Secondary School Garko has appointed Alhaji Sabo Isa Garko as the interim leader of the association for one year, pending the election of the new executive members. 

 

KANO FOCUS reports that the Garko was elected on Saturday during its annual reunion held at the main conference hall of Rumfa College, Kano.

 

The gathering brought together former classmates of the association to reconnect, reflect on shared experiences and discuss the future of the association.

 

Garko’s leadership is expected to guide the association through this transitional period, ensuring continuity and progress in its activities.

 

In his address Garko pledged to bond members and give a purposeful leadership within his interim period of leadership.

 

The event featured discussions on key initiatives to strengthen the bond among members, contributing positively to the Alma matter.

 

The reunion also provided a platform for members to deliberate on future engagements and community development programs.

 

The association appreciates the efforts of all attendees and looks forward to continued unity and progress.

 

 

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