Dangote completes deal to increase cement production in Africa

In a bid to meet up with the demand for cement production in Africa, the Dangote Group, one of the leading manufacturing firms in Nigeria, has signed a $228million contract for cement lines in Africa with China's Sinoma.
The contract sum is exclusive of an additional $324m to be spent on infrastructure, power and mining equipment, being handled by other best-in-class vendors
The cement contract is to build a 3,000-tonne per day cement plant in Senegal and Zambia.

Dangote said its strategy is to increase domestic African cement production to meet the demand and ensure that value added benefits remain on the African continent.
The Dangote Group currently owns and operates the Obajana Cement Plant, the largest in sub-Saharan Africa. Other existing projects, and the Sinoma agreement in Nigeria bring the Dangote Group's total commitment to new production capacity in Africa to $1.63bn.
Aliko Dangote, President and CEO of the Dangote Group, said, "We have concluded this deal with Sinoma, to drive forward our Pan-African expansion strategy at a time when the global economy seems to be emerging from recession.
We are in a strong financial position and we are putting our money where our mouth is. This is a huge commitment for a Nigerian company and one of the most significant investment programmes currently being undertaken by any Sub-Saharan African company operating outside of South Africa."
"Africa has everything it needs to become a truly global producer of cement products. We have proved this at Obajana, and will demonstrate it absolutely over the coming years. Sinoma's representatives are already in the market initiating the contracts," he added.