Dangote to invest US$150.29mn in in second Cameroon cement factory

Nigerian billionaire Aliko Dangote is reportedly planning to invest US$150.29 million in a second cement factory in Cameroon, a plant which will have annual production capacity of 1.5 million tonnes. The new site will be in the suburbs of Yaoundé. Chinese group Sinoma are due to carry out the works which are scheduled to last 20 months. Dangote is said by local media to have also have expressed interest in investing in the fields of hydrocarbons, rice and sugar in Cameroon.
July 7, 2015 Read time: 1 min

RSSNigerian billionaire Aliko Dangote is reportedly planning to invest US$150.29 million in a second cement factory in Cameroon, a plant which will have annual production capacity of 1.5 million tonnes. The new site will be in the suburbs of Yaoundé. Chinese group 7773 Sinoma are due to carry out the works which are scheduled to last 20 months. Dangote is said by local media to have also have expressed interest in investing in the fields of hydrocarbons, rice and sugar in Cameroon.

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