Business Briefs
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| By Anayo Ezugwu |
ALIKO Dangote, president of Dangote Group, is planning to build cement plants in 18 African countries and Nepal in Asia. Dangote stated this at the inauguration of 3.0 million metric tonne per annum, MTPA, cement plant at Mgao village in Mtwara, Tanzania.
The entire firms in Africa will produce more than 80 MTPA of cement and make it an export continent instead of being import-dependent. Dangote said the cement plant, which was the largest in Africa after Nigeria, was to stimulate the continent’s growth and create more jobs for its huge population.
According to him, it is time for Africans to take their destiny in their hands by investing their huge resources in their fatherland. Dangote said the firm was located in Tanzania because of the abundant natural raw material there and to improve the country’s economic growth.
— Oct 26, 2015 @ 01:00 GMT
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