Dangote outlines African expansion
The Dangote Group has recently shed light on its cement projects in Africa, from Senegal to Gabon, through Cameroon and Cote d’Ivoire, countries in which it intends to invest no less than US$2.5bn.
Dangote Cement, has announced plans to invest in a broad plan of cement across the continent within three years. Starting next year, Dangote Cement should have built and operated a cement plant with a capacity of 1.5Mt in Senegal, and a grinding unit of 1Mt in Cameroon. In early 2013, the group should also inaugurate in Côte d’Ivoire an import terminal with a capacity of 1Mt. Then it will add cement facilities to Gabon, Congo-Brazzaville (1.5Mta each), and import terminals in Ghana, Sierra Leone and Liberia, enabling Dangote Cement to cover the entire Gulf of Guinea.
’In Cameroon, there is little available limestone and there is none between Nigeria and Senegal,’ says the management of Dangote. The Senegalese cement company, built in a country already in over-capacity, should provide several other countries in the sub-region, including Mali, Burkina Faso and Guinea. Also according to the management of Dangote, all these African projects have received official authorisation.
The group had previously announced that the Chinese Sinoma was selected as prime contractor. Within about five years with its development programme in Nigeria and some other strategic locations, including South Africa, Ethiopia, Tanzania and Zambia.
Published under Cement News
