The Economic Turning Point to Dangote for Cement Supply in TZ

Africa’s largest cement producer Dangote Cement is expected to supply Tanzania’s 1 million ton cement deficit from its expansion into the new market, a new report by the Tanzania Investment Centre (TIC) has disclosed.

Dangote Cement which is owned by Africa’s richest man Aliko Dangote, is currently constructing a new cement plant in the port city of Mtwara in Tanzania with a capacity of producing 1.5 million tons per annum.

The industrial location is sited with a good reserve of Limestone and Gypsum deposits, it is this time now where Tanzania will attract a sound investment opportunities in the sector, it also offers an ideal opportunity for Dangote Cement to venture and consolidate its operations in Eastern Africa. Site work has commenced for the green field Cement plant and is making steady progress towards timely commissioning in Q2 of 2015.

According to the acting Executive Director of TIC, Raymond Mbilinyi, remarked that when production begins at the Mtwara-based plant in a couple of years, the country’s deficit and growing demand for cement would be sufficiently met.

Mbilinyi added that “apart from creating employment, the factory will stimulate trade and create a multiplier rippling effect to the entire economy.”

The report states the new plant which would be in operation in 2015, is expected to create 400 new jobs.

Key Features

Name of the Plant             Dangote Industries (Tanzania) Ltd.

Location                           Mtwara, South Tanzania

Capacity                           1 x 3000 TPD of Clinker output

Raw Material Resources     Limestone & Gypsum

Raw Material Sources        Mtwara Mines and Other Sources

Power Source                    1 x 30 MW Gas Based Power Plant

Fuel Source                      Gas, Standby Grid

Cement Packing                3 Packing Machines of Capacity 2400 Bags/hr

Cement Loading                6 Truck Loaders

Dangote Cement is a cement manufacturing/importation, packaging and distribution company with operations in Nigeria, Benin and Ghana. The company operates the Obajana Cement Plant (OCP), the largest cement plant in Africa and leads in Africa with total existing production and import capacity of 14 million tonnes per annum and new production projects in development with 11.1 million tonnes per annum additional capacity.

Source: Dangote Cement & African Globe

The Comming Up Tanzanian's Tallest PSPF Commercial Twin Towers

This building and construction proposal was a winning design in a competition for design of a mixed urban development in the heart of Dar es Salaam City.

The two buildings with 35 floors each have been well designed to accommodate shopping facilities, residential apartments, luxury hotels, cinemas halls and office spaces for rental: all within a well serviced and ultra-modern complex known as PSPF Towers.

Dealing with Tenant Issues - The Good, The Bad & The Ugly!!

Real estate investors and property managers can improve their tenant relations by dealing with tenant issues quickly and fairly. Whether times are good or bad, the cost to re-let a vacant unit can frequently make it a far better investment to retain a tenant who pays their rent on time and is, in all other ways, a good tenant. Tenant issues can involve complaints on their part, or can require that the property manager or owner deal with the tenant's activities or payment patterns in a way that keeps things on track and rents paid.

The Good: If you have a tenant who is always on time or early with their rent payments, follows all the rules, and is a good property citizen, then you might want to show them that they are valued. Perhaps a coupon to a local restaurant or other small gift now and then would make them feel that they are appreciated. It could make the difference in keeping them when lease expiration rolls around. At the very least, jump right on their maintenance problems and handle their concerns with respect and interest.

The Bad: This could be a tenant who is a chronic complainer or one who annoys their neighbours on a regular basis. Or, they may pay the rent late frequently. For whatever reason, you will want to document all interaction with them. If there is a neighbour complaint, document it in writing and provide any warnings or other notices in writing as well. If the situation escalates to "the ugly," you'll want to have a record of all your communications with the problem tenant. Always act according to the terms of the lease, as the rules work both ways.

The Ugly: We've now reached the stage where the tenant is not paying rent, or their rule-breaking behaviour has become a huge problem. We have decided that we want them out of the unit and a new less troublesome tenant in the unit as soon as possible. Hopefully, you have thoroughly prepared for this eventuality with your attorney's guidance. Eviction is a relatively speedy process in most cases, but that speed is based on the landlord or owner doing everything right and in the correct time frame. 

1. Have you issued the proper notices to the tenant per your guiding principles and by-laws?
2. In most places, you cannot in any way disturb the property of the tenant, even if they have disappeared.
3. If there is no tenant to dispute eviction, or if they lose the dispute, then you will be granted an order of eviction by the court.
4. Normally, the order is served after notice by the local authority. Again, you cannot open the unit and remove their belongings on your own without having a warrant from the local authority.
5. Be sure to follow the letter of the lease and by-laws as to how any deposits will be handled, retained or refunded.

Dealing with tenant issues is part of the job of property manager or real estate investor/owner. Preparing for eviction with strong lease documents and the advice of an attorney will make the process run smoother. And, if they are a good tenant, find a way to make them feel appreciated. It could increase your return on investment a lot. From James Kimmons

Unfinished House is Looking for a Potential Developer in Mtwara

A fantastic two storey building is looking for a potential developer who wants to invest on a semi-finished residential property. The building is located at Shangani West and is close to Ocean Secondary School. The building is erected on a plot of 450 Sqm with approx. 50 metres from the newly developed Chuno road. Its Architectural designs are inspired by a true meaning of a modern urban generation especially for the young and middle aged professionals or people aspiring to be that who like the finer things in life. 

The interior design includes 2 lovely master bedrooms each with private toilet and bathroom, and spacious balcony for each room on the upper floor, and the ground floor is designed with 1 public toilet, kitchen, dining, living room and huge indoor garage, with ample space (6metres) left on the real side and 12 metres fronting the house for gardening and other outdoor amenities. This property can be used as an office/home or mainly executive residential house. Any questions are welcome!

 

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Surveyed 162 Acres of Beach Farm is Available for US$ 600,000

Fully surveyed and spectacular 655,000 Sqm (approx. 162 acres) of the upper hilly sea view farm is located on a very desirable area ideally suited for industrial development. This property is surrounded by the lower flat salt marsh of Mtepwezi suburb area, and it is strategically situated close to the Municipal industrial area, about 4 Km South East of Mtwara Port (TPA) with few metres away from the Power way leave and Gas pipeline from Mnazi Bay Gas Facility. The property also offers a perfect location for a modern housing complex or large hotel development with options for the development of warehouse or construction and civil engineering yard. Asking Price US$ 600,000

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Why Buying A Home May Be More Advantageous Than Renting?

Although some people find renting a more convenient option, real estate experts still recommend home ownership because of its many advantages. Consider the benefits and risks of home buying vis-à-vis renting. Especially when you think about your retirement years, you will realize that investing in a home will be the smartest decision you will ever make in your life.

Several studies show that having your own home can indeed be beneficial in various ways such as lower chances of teenage pregnancy, better education for your children, and more annual income for your children. But these are just some of the advantages of owning a home. Here are more reasons why you should buy yours now:

1. Housing expenses are more stable with mortgage payments than rental payments.
When you buy a house, your mortgage payments are most likely to remain as they are throughout the home loan period. In contrast, rental fees usually increase each year. Especially during inflation, when prices of goods go up, people who rent are bound to lose more money than homeowners.

2. You get large tax savings. Since mortgage payments consist mostly of property taxes and interests in the first few years, you can expect huge savings when you deduct these fees from your local income and national income taxes-that is, if you decide to purchase your own home.

3. Home ownership allows you to consolidate your other debts. You can do so if you need to refinance your mortgage loan and get out of debt faster. The interest on your debt consolidation can be deducted from your tax as well. You won't get this benefit from renting an apartment, house, or condo unit.

4. You can build equity in your own home. When you rent, the money you pay monthly goes only to your landlord. But when you buy a home, your mortgage payments become your real estate investment. How does it happen? Generally, the value of properties increases over time. And when your property gets more value, you can earn money by selling it. Paying your mortgage loans is like investing your money for future use such as for your retirement fund or for the education of your children.

5. The house is yours! Because you own the house, you have full control over everything that concerns it: the interior design, colour of the walls, the number of guests you can accommodate, gardening and landscape design, among many others. You can have as many pets as you want. You won't need to ask permission from the landlord about changing the look or remodelling the house. No one will force you out of your house or engage you in a violent altercation if you simply want to change the kitchen wall's colour from white to neon green.

Remember, a home is the single biggest purchase that you might make in your life. Before you get a home, you have to know the responsibilities that go with it. The common risks involved in buying a real estate property include decreased value of the home, foreclosure, and increased expenses of maintenance and/or renovation. Thus, weigh all the benefits and risks to be able to arrive at a wise decision.

Author Peter Jordan is a realtor with Prudential NJ Properties in Westfield New Jersey. For more information, visit http://www.livinginwestfieldnj.com 

A Beautiful 50,000Sqm of Beach Farm for Sale at Msanga Mkuu

This beautiful unsurveyed and unserviced beach farm is on the amazing white sand beach of the East Coast of Msanga Mkuu in Mtwara with an area of approx 50,000sqm. The coastal zone has been earmarked for touristy development and is perfectly suitable for the development of a high class Hotel or luxury Holiday Villas. It has a stunning stretch of approx 130m beach front. The plot is on a small hill ensuring that from every spot you have an amazing sea view, and the beach front has a gentle slope with a  nice flat plain down to the fine white sandy beach of Msanga Mkuu. This is one of the most beautiful plots that is left on the famous East Coast of Msanga Mkuu in Mtwara. Price on request!!

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Two Merged Commercial Plots are Available for Immediate Disposal

Two beautiful merged commercial-residential plots each measuring approx 2200Sqm, located along Shangani Road. The plots have three semi finished properties with a fore building designed for trading/shopping activity and a cottage pub for recreational with unfinished public toilet and one big bed room. Its strategic prime location from the Indian Ocean approx 300mts, and from the central town area gives its wealthier suitability and ideal for developing a small housing/shopping complex, but also suitable for multi-storey office building and/or hotel apartment. The property is now available at a reasonable disposable price of TSh.500 Mill.

 

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