Chinese investors fund Phase 1 of Cement Factory Construction in Tanzania

On March 1, 2017, Tanzania's government announced that unnamed Chinese investors had agreed to help fund the construction of a cement factory in the coastal city of Tanga. The project is to be completed by Sinoma International Engineering in two parts, with phase 1 costing an estimated $1 billion USD. 70% of cement produced at the plant will be exported to local countries including Somalia, Kenya, Mozambique, Sudan, the Democratic Republic of Congo and Uganda. The project will also include a wharf for the factory to assist export. The work on the factory and the wharf was expected to start May 2017. On January 18, 2018, 17 Chinese companies had a business negotiation with the Tanzanian government to invest and build the Hibernia cement commercial plant project at an estimated cost of $3 billion USD. The cement plant is estimated to have an annual output of 7 million tons, and generate 1,200 MW of power annually. After completion, it will be the largest cement plant in East Africa, with the largest annual output. The plant will create 4,000 to 8,000 jobs for Tanzanians. The Minister of Industry and Trade of Tanzania went to the meeting, stating that he hoped construction would start as soon as possible and that the project would be completed by 2020.

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