Dangote Cement Plc on Wednesday signed a $4.34 billion worth of contracts with China’s Sinoma International Engineering to build cement plants across Africa.

The move would see the company expanding its frontiers to Asia by constructing a three million metric tonnes per annum (mmtpa) Cement Plant in Nepal and other 10 African countries. The new investments would cost $4.34 billion

The President of Dangote Group, Alhaji Aliko Dangote, who disclosed this at the signing ceremony of the new plants to be constructed in partnership with Sinoma, a construction firm renowned for construction of ultra-modern cement plants worldwide, assured Nigerians that the country would no longer be used as a dumping ground as the company now has the capacity to export 10 million metric tons of cement outside the country.

Dangote is currently in 15 African countries, including Kenya, Niger and Mali, which are new projects.

The company’s current total capacity stands at 48mmtpa, out of which Nigeria alone has the largest chunk of 29.3mmtpa.
The company will also today inaugurate its new plant in Cameroun with a total capacity of 1.5mmtpa

Addressing journalists yesterday after the signing ceremony, Dangote said: “We are not only building cement plants in Africa, we have gone far away to Nepal to build a three million metric tonnes cement plant capacity and by the time all these our new projects are completed in the next two years, Dangote Cement will have more than 70 million capacity, but we are not going to stop there, hopefully, by 2020, our targets is getting to somewhere around 100 million tons capacity. I can assure you categorically that Africa will not lack cement now and even in the future…Africa will be self -sufficient rather than being a dumping ground for other manufacturers of cement.”

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http://monitor9ja.com/2015/08/dangote-chinas-sinoma-sign-4-34bn-deal/

yeah that's true, i'm also a signatory to the deal...

Dharniel:
yeah that's true, i'm also a signatory to the deal...

the wailers will never comment,but will continue to lament over Biafra that is as dead as ojukwu.

Somebody help me tell my daddy, Dangote that his long lost son has been found. His name is kokoA, he should please an please because of God come and claim him naw

blaqoracle:
the wailers will never comment,but will continue to lament over Biafra that is as dead as ojukwu.

buhari's body language is responsible for this abi?
muppet.

This is what our son Orji Uzor Kalu would have been doing instead of active dirty politics.

True entrepreneurial spirit of a proud Nigerian!

Alico dangote the No.1 Africa entrepreneur