Nigerian conglomerate Dangote Group is to build a cement factory in Yamba, southern Congo, in an investment worth 292.9 million dollars, its Chief Executive Officer, Aliko Dangote, announced on Tuesday.
Dangote spoke after a meeting with Congolese President Denis Sassou Nguesso, according to a statement from the presidency.
Construction work for the factory, which will produce over 1.5 million tonnes of cement per year and create more than 650 jobs, will span two and a half years.
Dangote’s investment projects across Africa, specifically in South Africa, Ethiopia, Zambia, Senegal, Mozambique and Cameroon, are worth 10 billion dollars.
Dangote is acclaimed as one of Africa’s richest men. (PANA/NAN)
© anu for Royal Times of Nigeria Newspaper, 2014. |
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