Dangote Cement to invest in Liberia

Dangote Cement to invest in Liberia
20 March 2012

Dangote cement is planning to invest over US$35m in the west African country of Liberia through its Dangote Cement Liberia subsidiary,

Aliko Dangote, group president and CEO, signed a memorandum of understanding with the Liberia government at the head office of the National Port Authority on Friday.

The Dangote Group has previously outlined plans to build a 0.5Mta import terminal in Monrovia which is the main commercial port facility in the country.

Signing on behalf of the Liberian Government, Managing Director of the National Port Authority (NPA), Matilda Wokie Parker lauded the initiatives being applied by Mr Dangote’s company to invest in Liberia. She said: “We are glad to have this multimillion dollar company to begin operation here at the NPA.”

Currently, the Liberian market is dominated by "Cemenco", a HeidelbergCement and government-owned company. The grinding, bagging and distribution operation currently has 100 per cent of the national market apart from some very small and sporadic bagged imports which can be measured at under 5000tpa.

Published under Cement News