Tanzania Portland Cement Public Limited Company (TPCC), better known by its brand name Twiga Cement, has declared a landmark dividend of TZS 600 per share for the financial year ending 31 December 2024. This announcement, officially made on 30 April 2025, marks a historic payout for shareholders and sends a strong signal about the company’s financial health, growth outlook, and unwavering commitment to delivering value.

With the East African region focused on infrastructure development, urbanization, and industrial expansion, Twiga Cement’s strategic position in Tanzania’s construction sector has never been more vital. The TZS 600 dividend cements TPCC’s status as one of the most profitable and investor-focused companies on the Dar es Salaam Stock Exchange (DSE).

💰 Dividend Declaration Highlights

• Dividend Amount: TZS 600 per share

• Financial Year Covered: January 1 to December 31, 2024

• Record Date: 31 May 2025 (shareholders must be on record to qualify)

• Payment Date: On or about 30 June 2025

• Company: Tanzania Portland Cement Public Limited Company (Twiga Cement)

• Announcement Date: 30 April 2025

This payout surpasses the previous years’ dividends (TZS 390 in 2023 and 2022), underlining robust profit growth and efficient cost management within the company.

📈 Twiga Cement’s Financial Performance in 2024

Twiga Cement’s decision to increase its dividend by over 50% year-on-year is grounded in strong earnings and resilient operations throughout 2024. According to their audited financial statements:

• Net Profit: TZS 99.2 billion (compared to TZS 97.4 billion in 2023)

• Total Comprehensive Income: TZS 99 billion

• Operating Margin: Maintained despite rising input costs and foreign exchange volatility

• Cash Flow: Improved liquidity driven by enhanced receivables and better working capital management

Twiga Cement also maintained low debt levels, high return on equity (ROE), and substantial retained earnings, providing the foundation for the TZS 600 per share payout.

📉 Why TWIGA CEMENT’S (TPCC)TZS 600 Dividend Matters

This dividend declaration is not just a number. It represents:

1. Shareholder Confidence

A 54% increase in dividend reflects the board’s confidence in the company’s future profitability and stability.

2. Market Signaling

In a competitive cement sector, such a dividend reinforces Twiga’s market leadership and financial superiority.

3. Attracting Long-Term Investors

With inflation concerns and volatile markets, dividend-paying stocks like TPCC are increasingly favored by value investors.

4. Economic Contribution

By rewarding shareholders, many of whom are Tanzanian citizens or pension funds, the dividend supports domestic wealth creation and consumption.

📅 Important Dates for (TPCC) TWIGA CEMENT Shareholders

To qualify for the dividend, ensure you are listed as a shareholder on or before 31 May 2025. Shares bought after this date will not be eligible for the 2024 dividend.

🚀 Operational Excellence & Market Leadership

Twiga Cement is Tanzania’s largest and oldest cement manufacturer, with a legacy spanning over 60 years. Its plant, located in Wazo Hill, Dar es Salaam, has a production capacity of 2 million metric tons per annum.

Twiga cement Product Portfolio:

• Twiga Ordinary (42.5N)

• Twiga Plus (42.5N)

• Twiga Extra (32.5R)

• Twiga Super (32.5N)

• Twiga Mega (42.5N)

• Twiga Jenga (MC 22.5X)

The company serves large infrastructure projects, housing developments, and general construction needs across Tanzania and neighboring countries.

🌍 Twiga Cement’s Role in Tanzania’s Growth

TPCC is more than a profitable enterprise. It is a pillar of Tanzania’s economic development, contributing in the following ways:

• Job Creation: Thousands of direct and indirect employment opportunities

• Tax Revenue: Significant contributions to national income

• Infrastructure Backbone: Supplies cement for roads, schools, hospitals, ports, and more

💼 Is TPCC a Good Investment in 2025?

For retail investors, pension funds, and institutional players, TPCC offers:

• Strong Dividend Yield: With a share price near TZS 4,320, the TZS 600 dividend equals ~13.9% yield

• Stable Cash Flows: Predictable business model with essential product demand

• Proven Management: Longstanding executive leadership with local and international experience

• Sound Governance: Transparent reporting, audited statements, and stakeholder engagement

In a market where few companies provide steady returns, TPCC stands out as a cornerstone stock.

🤔 Risks to Consider

As with any investment, there are risks:

• Exchange Rate Fluctuations: As a raw material importer, forex volatility can impact margins

• Infrastructure Delays: Government or private sector project slowdowns can reduce cement demand

• Competition: Rising local and regional players in the cement market

However, Twiga’s scale, distribution network, and brand reputation help mitigate these factors.

📊 Share Performance & Valuation

As of May 2025:

• Stock Price: TZS 4,320

• Market Capitalization: Approx. TZS 777.3 billion

• Dividend Yield: ~13.9%

• Price-to-Earnings (P/E) Ratio: ~7.8x based on 2024 earnings

Compared to regional peers, TPCC offers one of the best combinations of dividend income and capital preservation.

🚀 Digital Expansion & ESG Commitments

Twiga Cement is also investing in:

• Digital transformation for supply chain and sales

• Environmental initiatives, including emissions reduction and energy efficiency

• Community development, especially in education and health sectors

These programs improve long-term sustainability and align TPCC with global ESG (Environmental, Social, Governance) standards.

🔹 How to Invest in Twiga Cement

You can buy TPCC shares through:

• Licensed brokers on the Dar es Salaam Stock Exchange (DSE)

• Online trading platforms approved by the Capital Markets and Securities Authority (CMSA)

Ensure your broker is licensed and confirm dividend entitlements before making a purchase

📊 Outlook for 2025 and Beyond

With Tanzania’s economy projected to grow at over 5%, supported by public infrastructure, industrialization, and a stable macro environment, Twiga Cement is poised to:

• Expand its market share

• Improve profitability

• Maintain strong dividend payouts

The company is also exploring green cement products and alternative fuels, reinforcing its commitment to innovation and sustainability.

📆 Final Thoughts on Twiga Cement as an investment vehicle

Twiga Cement’s TZS 600 per share dividend for 2024 is not only a reward to loyal shareholders but a declaration of strength, growth, and leadership. As one of Tanzania’s most trusted brands, TPCC continues to deliver value, stability, and vision.

For investors seeking a blend of income, safety, and strategic exposure to East Africa’s booming construction sector, Twiga Cement stands tall—just like the structures it helps build.