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Dangote Cement’s $1bn Africa expansion signals major infrastructure bet

Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
  • $1bn deal to build 12 new plants
  • Capacity target raised to 80MTPA by 2030

 

LAGOS, NIGERIADangote Cement Plc has signed a $1bn agreement with Sinoma International Engineering to construct 12 new cement plants and expand existing facilities across Africa.

The deal, disclosed by MarketForces Africa, follows the signing of a Memorandum of Understanding in Lagos on Friday and establishes a framework for engineering, procurement and construction (EPC) delivery across several African markets.

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