Cement News tagged under: Aliko Dangote

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Zimbabwe: Dangote investment

16 May 2016, Published under Cement News

Nigerian billionaire Aliko Dangote has said he will not rescind on the decision to invest in Zimbabwe, despite negative reports concerning the country’s economy. Mr Dangote said in an interview that he currently has a team in Zimbabwe finalising logistics and making preparations to begin operations. His conglomerate intends to set up a cement manufacturing plant capable of producing 1.5Mt per year, whilst also investing in power generation and coal mining. Mr Dangote has already secured th...

Senegal cement battle looms

24 March 2014, Published under Cement News

Aliko Dangote, Nigeria's powerful industrial conglomerate owner, is facing a battle to get his Senegalese cement plant up and running due to legal action and stiff competition. Vicat and its Sococim subsidiary in Senegal are ready to protect market share in west Africa by taking on Aliko Dangote.  Dangote's Senegalese plant, one of the largest in Africa, is scheduled to start operation "within 90 days", Aramine Mbacke, the CEO of Dangote Senegal, told Financial Afrik magazine earlier th...

Dangote targets US$35bn-40bn London listing, Nigeria

14 June 2012, Published under Cement News

Nigerian billionaire Aliko Dangote is targeting a market capitalisation of US$35-$40bn for his cement company when he lists it in London next year, he told Reuters on Wednesday. "It depends on the market, but it should be something like US$35 to $40bn. We are targeting something like that," Dangote said of the secondary listing in London that is planned for late next year. Africa's richest man with a cement empire stretching from Senegal to South Africa, Dangote said in an interview at his...