Dangote welcomes Shamenda’s reporting to ACC

Dangote welcomes Zambian Minister of Labour report to ACC on malicious bribery allegations

Lusaka, Zambia – Wednesday, 17th September 2014 – Dangote Industries Zambia Limited (“DIZ”) today welcomed reports that the Minister of Labour and Social Services, Honourable Fackson Shamenda had finally reported the allegations of enticement levied against one of its employees, to the Anti Corruption Commission, which is the rightful body to investigate all alleged acts of corruption in the Republic of Zambia.

Dangote Chief Executive for East and Southern Africa, Mr. Albert Corcos said through DIZ’s lawyers, Theotis, Mataka and Sampa Legal Practitioners: “We reserve our rights on this matter and remain resolute in denying that the incident that resulted in these malicious accusations took place as alleged by the Honourable Minister.”

Dangote is one of the most diversified conglomerates in Africa with a hard earned reputation of excellent business practice and products. We cannot allow these mischievous reports to tarnish our reputation and good standing in Zambia and indeed on the continent.”

Corcos stressed that Dangote has the strongest support for the investigative process and is fully committed to co-operate with the Anti Corruption Commission. As and when the Anti Corruption Commission requests, Dangote Industries Zambia Limited will make all the relevant individuals named available for questioning and are also willing to provide documented information to prove the malicious intent to bring Dangote into disrepute.

Corcos further stated that DIZ would not be deterred and remained firmly committed to working with the Government of the Republic of Zambia to deliver on its commitment to complete the cement plant in which DIZ has invested over US$400 million.

“We fully appreciate the benefits that will accrue to Zambia, including employment opportunities, diversification of the economy beyond mineral resources such as copper and the broader infrastructure investment from our operating activities in Ndola. Furthermore, as a responsible corporate partner we are committed to helping to stabilize the price of cement, enabling the industry to grow.”

DIZ is a partner of the Zambian Government, in-line with the Investment Promotion and Protection Agreement entered into in December 2010. DIZ anticipates that it will commission the cement plant in November 2014 consequently, transforming the sector.

DIZ is a subsidiary of Dangote Cement Plc, the largest listed company on the Nigerian Stock Exchange, with market capitalization of over $24 billion. Dangote Cement Plc has operations in several African countries, employs over 8,000 people and operates within the highest corporate and ethical standards.

 

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