Hardly five years since its triumphant entry into the Tanzanian market in 2015, Dangote Cement has fallen out with a government that touted it as a model investor.
This past week, the company was accused of not filing its operations report with the Tanzania Investment Centre (TIC) as per government regulations, and was given seven days starting September 30 to do so.
Speaking in Lindi region during an inspection tour of industries and a meeting with investors, Angellah Kairuki, the Minister of State in the Prime Minister’s Office in charge of Investment, said it is only through the report that TIC and the government would get to know of the company’s project history, plans for expansion, taxes paid, profits, challenges and recommendations.
She asked the company to file the report as soon as possible and henceforth every six months.
Ms Kairuki said in a release seen by The EastAfrican that Dangote Cement has not submitted its operation reports for the past three years contrary to the legal framework agreement between the government and investors in Tanzania.
Dangote Cement management said they were preparing the report, but did not say why they had failed to submit it in the first place despite it being mandatory.