Africa’s renaissance

Published 23 July 2014

Africa is now well and truly on the map for businesses and investors operating on the continent. In the cement sector, this is most obviously illustrated by the remarkable emergence of Dangote Cement as a pan-African player of considerable influence on the back of ongoing multi-billion dollar capex investments. In this viewpoint on Africa, Tony Hadley, ex-CEO of Dangote Cement and Lafarge Africa, provides his perspective on the great potential ahead for investors in Africa. By Tony Hadley, Baobab Advisory SARL, France.

As a brand new Africa emerges, the region’s economic development offers plenty of opportunity for cement producers

Contrary to popular perception that sometimes prevails outside of this great continent, Africa over the last 15 years has been a really great place to do business. A fundamental political, social and economic transformation is in progress on the continent that has translated into very profitable activity for the increasing number of successful businesses operating here. From breweries to telecoms, airlines, hotels and, of course, cement, Africa is a land of promise. But what is driving Africa’s renaissance?

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