Nigerian cement manufacturer Dangote plans to invest US$100m to build a cement factory in Cameroon, local media cited the group as saying on Monday.
"We have reached an agreement with Cameroonian," Dangote general manager Aliko Dangote told the official daily Cameroon Tribune. "If the cement business succeeds our group will move into other domains of the Cameroonian industry," he said.
Cameroon has only one cement producing company, CIMENCAM, with annual output of approximately 1Mta from two plants.
While the country has reached other deals with South Korean and Chinese firms to build cement factories, the projects have yet to be launched.