Business
Dangote Targets West Africa As Hub for Business
Aliko Dangote, Nigeria’s business mogul, on Tuesday in
Abidjan said he was targeting the production of 33 million tonnes of cement by
2015, with a large share going to West African countries.
Dangote, who was represented by Joseph Makoju, at a
Border-less Conference aimed at removing barriers to trade in West Africa, said
his cement companies in the country currently produce about 20 million tonnes,
of which 17 million tonnes cater for the market in Nigeria.
Majoku is a Special Adviser to the Chief Executive Officer
of the Dangote Group.
Dangote, in a presentation to businessmen and stakeholders
in West Africa, said: “We are poised to become the largest cement producing
company in Africa by 2015.’’
He said the Dangote group had already extended its reach to
14 African countries and had already concluded arrangement for investment in
import terminals in Ghana, Benin and Cote d’Ivoire.
Dangote said the West African region must overcome the
spectre of political instability, wars and conflicts in order to attract
foreign investors.
“Investors are averse to risk and they always want to play
safe. Also, we have the challenge of infrastructure deficit and yet we want to
be competitive.
“We must also learn to respect the sanctity of contracts. ’’
He said West Africa had some of the fastest growing
economies in the world, but businesses must be encouraged to grow by reducing
the bottlenecks in doing business and encouraging free movement of people,
goods and services in the region.
In his remarks at the conference, the Commissioner of Ghana
Revenue Authority, George Blackson, said corruption remained “‘a significant barrier to trade in
Africa”.
Blackson said the corruption on trade routes could be
reduced by cutting down the number of security outfits and the multiplicity of
check points.
“We are already taking a number of actions to fight the
menace in Ghana, with internal networks that investigate corruption. ’’
In his intervention, a former Ivorian Minister of Transport,
Adama Coulibaly, said the strength in trade and development in West Africa lies
in Public Private Partnership (PPP) for the development of infrastructure.
Coulibaly also called for more exploration of the PPP in
regional trade.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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