Dangote Cement Plc, Africa’s biggest producer, will add 25 million metric tons of capacity across 11 countries after agreeing to contracts with Chinese construction company Sinoma International Engineering Co. Ltd. The total project cost is expected to be about $4.34 billion, Lagos, Nigeria-based Dangote said in a statement on Wednesday. Cement facilities will be built in Nigeria, Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Ivory Coast, Ghana and Nepal. (Source: Bloomberg)
 
Comment: This bodes well for Dangote cement as the company focuses on capacity expansion in selected African countries. We note that the company invested c. N217bn (US$1.1bn) in its expansion programme across African countries in FY 2014. In the near to medium term, we are neutral on DANGCEM as we await a more convincing signal on its proposed business expansion plan.

The truth is this man is making *bastard money by the day. Hmmm

Seems cement is more than food to. Smart biz man tho. He should try set a percentage of income for research and development and diversify into agro refining especially in produce like cocoa, tomato, oranges, mangoes, etc etc