Dangote Industrie Limited has announced that the cement expansion plan and fertiliser investments will open new commercial avenues for the enterprise and Nigeria under the commercial deal with many countries strategising in the Afro Continental Free Trade Africa (AfCFTA), which began in early this month.
Despite an installed capacity of 29.3MT in Nigeria, the cement company is already targeting an expands inland and in Cameroon, with new installations in Niger, Benin, Ghana, the Ivory Coast and Togo soon to be ready for commissioning.
According to Dangote Industries Chairman and Chief Executive Officer, Aliko Dangote, Africa needs to deliberately increase its per capita cement consumption by boosting more needs and reducing product cost to support the growth of infrastructure.
With the 2020 UN Trade and Development Conference (UNCTD) study that the infrastructure gap in Africa’s free trade zone is being investigated, Dangote hopes to make up for its deficit by investing in cement on the continent.
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Data source: All Africa news