Dangote Cement is locked in a dispute with the government of Tanzania – its most profitable market in the first half of this year – over the company’s failure to fulfill a regulatory obligation. The Nigerian-based cement maker last week was accused of not filing its operations report with the Tanzania Investment Center according to government regulations. From September 30, the company was given a seven-day ultimatum to tender the document but reports suggest it has failed to do so. It is through the report that TIC and the government would get to know of the Dangote Cement’s project history, plans for expansion, taxes paid, profits, challenges, and recommendations. Dangote had previously experienced issues with President John Magufuli’s administration over tax on diesel imports to run its plant and a ban on coal import. At some point last year, the firm suspended its operations, citing technical problems and high production costs.
SOURCE: VENTURES AFRICA