Dangote, Africa’s Richest Man To Build $350m Cement Plant In Niger




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By VENTURES

’s richest man, Aliko Dangote to build a $350 cement plant which will produce 1.5 tonnes (annually) the Republic Niger.
Speaking with after a meeting with President, Issoufou Mahamadou the country’s capital, Niamey, Dangote said the plant would produce its own electricity with an anticipated surplus to be used to bolster Niger’s currently unreliable power output.
Niger currently has only one cement plant, built 1964, with a capacity 40,000 tonnes.
With the proposed investment from Dangote, the country will not only witness a rise in the availability cement and electricity supply, it will help jobs for unemployed Nigereins.
“The realisation of this project will create 6,000 to 7,000 jobs,” the business mogul said.
Dangote’s decision to establish a cement plant in Niger follows a similar investment in Kenya last month. The billionaire “cement king” announced to invest $400 in a cement plant in the East African nation during ’s president, ’s visit to the country.
’s biggest cement producer, Dangote Cement announced in May this year it would be investing $5 billion to expand its African production capacity to 55 tons by 2016.
Other countries consideration for investment include Cameroon, Ethiopia, , South Africa, Tanzania and Zambia.