The Senior Adviser to Senegalese President on Foreign Investment, Serigne Mbacke, says Dangote Group has over one billion dollar (N150 billion) investment in cement manufacturing and sugarcane refinery in Senegal.
Mr Mbacke told journalists at a stakeholders’ forum in Lagos on Tuesday that his country gave about 8,000 hectares of land to the group for cement manufacturing and sugar refining. According to him, the group’s investment is one of the biggest foreign direct investments by an Africa company in Senegal.
Mr Mbacke said that the investment is an indication of a strong belief in the future growth of African economy. He said Dangote’s production target of about 45 million tonnes of cement is feasible with the level of massive investment in the expansion of old plants and construction of new plants in African countries.
The senior adviser said that Senegal, with a population of about 16 million, is becoming one of the fastest growing economies, adding that the demand for cement is high because of the demands to meet housing needs.
He said that the country had all the raw materials to produce enough cement for local consumption and export to other continents.
Posted: at 2-03-2011 01:21 PM (13 years ago) | Upcoming
interpo77 at 2-03-2011 09:29 PM (13 years ago) (m)
this is a gud begining for african continent, i heard that he(dangote group) has some other plants in almost 14 african countries including south africa,kudos to the group-more gain for the share holders buy share now from dangote and grow as the company is growing
Posted: at 2-03-2011 09:29 PM (13 years ago) | Gistmaniac
ezeudonze at 2-03-2011 10:54 PM (13 years ago) (m)
That is Nigerians bigmanism for you' Dangote group went to Nkalagu in eastern part of Nigeria and, bought Nkalagu cement company and then close the company. All the worker became jobless' Dangote engaged in importing things to Nigeria and, like to invest in other countries creating job opportunities to there while, his own motherland people eat from hand to mouth. Well more graese to you elbow the Dangote group of companies.
Posted: at 2-03-2011 10:54 PM (13 years ago) | Newbie
ezeudonze at 2-03-2011 10:56 PM (13 years ago) (m)
That is Nigerians bigmanism for you' Dangote group went to Nkalagu in eastern part of Nigeria and, bought Nkalagu cement company and then close the company. All the workers became jobless' Dangote engaged in importing things to Nigeria and, like to invest in other countries creating job opportunities there while, his own motherland people eat from hand to mouth. Well more graese to you elbow the Dangote group of companies.
Posted: at 2-03-2011 10:56 PM (13 years ago) | Newbie
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