A Chinese state-owned engineering company
has signed a deal worth $4.3bn (£2.8bn) to build
factories for a Nigerian cement company run by
Africa's richest man, Aliko Dangote.

China's Sinoma will build seven plants across the
continent and one in Nepal. The new factories will add around 25 million
tonnes to the firm's existing cement capacity of 45
million tonnes. Mr Dangote's company also produces food, fertiliser
and is investing in oil refineries. He is keeping a close eye on China's economic
problems and the ensuing lower oil price.

"Of course we are affected," he said, "but we are
not badly affected because we are not 100% in oil. "We are a fully diversified company. So today if oil is
doing [badly] it doesn't mean we are doing [badly]
and that's the good thing about diversification." Africa's economies have been hit hard by the fall in
commodity prices but many are seeing a boom in
infrastructure, for which cement is vital. Share this story

www.bbc.com/news/business-34067963


cc :lalasticlala

yeanh

Dis man shud gimme a job o

Good. Nigeria should be fully capitalized or industrialized.

Mcheew...we don hear.
Dangote should go and invest in the north and employ Boko people.
I heard that joblessness is their real problem.

Sunexy:
Dis man shud gimme a job o

Asin ehn!!!!
How does this post affects the price of Oloye beans for market??

Nice one! Guess in 5yrs this my rose models will be among the top ten or top 15 world's richest.

More success to you Sire.

Wow
Aliko is expanding his tentacles to Asia...

This Magnate is something else

Not detailed enough.. Where's the part that says "Ijogz K" is borrowing Dangote the capital to finance the project

Allah ya taimaki Alikon talakaawa