Dangote Cameroon sees 7% sales drop

Dangote Cameroon has posted a 7.1 per cent drop in sales in the 1H19 when compared with the 1H18.

"Our 1.5Mta clinker mill in Douala sold about 0.6Mt of cement in the first half of 2019, down 7.1 per cent from 0.64Mt sold in the first half of 2018. We estimate that our market share was 40 per cent during the period, "says Dangote.

"The decrease in our sales can be attributed to persistent security concerns in the North West and Southwest regions, which resulted in a reduction in activity, as well as a capacity of 1.6Mta by new competitors,” the company added.