Addoha Group to construct Cameroon plant
Morroco's leading home builder Addoha Group will start construction of a EUR20m (US$25.9m) cement plant this month in Cameroon's economic capital Douala, the company said on Wednesday.
The plant will have a capacity of 0.5Mta, Addoha Group President Anas Sefrioui said over state radio after a meeting with Cameroon President Paul Biya.
He added that Addoha intends to invest in the construction of low cost housing in the central African country "so as to give Cameroonians the opportunity to have comfortable lodgings". He gave no further details that aspect of the project.
Addoha is Morroco's top property developer but is seeking to expand its business into West and Central Africa. (Source: Reuters)