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Nigerian billionaire Aliko Dangote announces the construction of a second cement factory in Cameroon

Nigerian billionaire Aliko Dangote announces the construction of a second cement factory in Cameroon
  • Comments   -   Sunday, 12 July 2015 02:50

(Business in Cameroon) - Before the end of 2015, the Dangote group, owned by the Nigerian billionaire Aliko Dangote, will start building his second cement factory in Cameroon after the one built in Douala (economic capital), with a production capacity of 1.5 million tonnes and launched a few months ago.

Africa’s wealthiest man informed Cameroonian Prime Minister Philémon Yang, who met with him on July 2, 2015 in Yaoundé, according to reliable sources. The Dangote group’s second cement factory in Cameroon, which will take 20 months to build, will cost 88 billion FCFA and is expected to have the same capacity as the factory in Douala.

The fifth cement factory in Cameroon after the Lafarge group’s Cimencam, the Addoha group’s Cimaf, the Dangote cement factory in Douala and the Turkish group, Eren Holdings’, respectively based in France, Morocco, Cameroon and Turkey, will be built by the Chinese company Sinoma, in order to “anticipate a new increase in the demand for cement in Cameroon and Central Africa,” for major infrastructural projects underway in that part of Africa, stated Aliko Dangote. In addition to cement, the Nigerian magnate also revealed his increasing interest in sugar and rice for Cameroon’s hydrocarbon fuel sectors.

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