₦airaland Forum

A Chinese state-possessed engineering company - "Sinoma" has marked a deal worth $4.3bn to manufacture Cement processing plants in Nigeria in association with Dangote Cement Company. The Chinese organization - Sinoma likewise plans to construct seven plants over the continent and one in Nepal.

The new factories are required to add around 25 million tons to Aliko Dangote's cement company which as of now has the limit of 45 million tons.

The Africa's Richest man, Mr. Aliko Dangote who disclosed that he is keeping a nearby eye on China's economic issues and the following lower oil cost said in spite of the fact that his organization is influenced by the financial issues in China, the effect is not overpowering. "Obviously we are affected," he said, "however we are not severely affected because that we are not 100% in oil.

"We are a completely enhanced company. So today if oil is doing badly it doesn't mean we are doing badly and that is the fortunate thing about getting involved with different types of things)."

Africa's economies have been hit hard by the fall in commodity costs yet numerous are seeing a blast in infrastructure, for which cement is very important.

Source: http://www.mediapaper.net/2015/08/26/china-signs-cement-deal-with-aliko-dangote/

CC: lalasticlala, ishilove, dragnet, honsule, puskin

Massive

huge.
that man is really blessed, why some are complaining about the economy he is elevating by the minute.

Ok. Its good cos its gonna create more jobs

Whao!

toh ba da mu wa, an gaise su

Great but use made in naija bic sign cus those chinese people na only techno n infinix users fit testify(d more u c d less u understand- naija infrastructural deal with dem last year can testify also)

Great, a welcome development!
Aliko baba making money since 18's

dmostcheerful:
huge.
that man is really blessed, why some are complaining about the economy he is elevating by the minute.

And he said "that is the
fortunate thing about getting
involved with different types of things)."

shegsrules:
Great but use made in naija bic sign cus those chinese people na only techno n infinix users fit testify(d more u c d less u understand- naija infrastructural deal with dem last year can testify also)

La China! La Fake!

mineANDurs:
Ok. Its good cos its gonna create more jobs

Yah, its a great move!

Alllllllllllllllright