THE President of Dangote Group, Aliko Dangote has announced plans to increase his cement plants’ capacity to 100 million tonnes by 2020.
Dangote explained that Africa needs to deliberately improve its per capita consumption of cement in order to aid infrastructural development by stimulating further demand and forcing down rising cost of the commodity.
Meanwhile, Camerounian President, Paul Biya has commended Aliko Dangote for his massive investments in cement plants across Africa.
The president, who was represented by the Prime Minister, Philemon Yang gave the commendation while commissioning the 1.5 million metric tonnes Dangote Cement grinding plant in Douala, Cameroun.
In his speech Dangote said: “our largest Greenfield project in a neighboring country with which we not only share a boundary but also a long history of brotherly relationship dating from our colonial days. Owing to the rich culture and history that we share, we have a better understanding of Cameroun.”
He said: “Our desire to increase our investment with the Phase II project is based on not only the fast growth rate of the Camerounian economy but also due to the warm welcome extended to us and the enabling environment created by the government of Cameroun.
“Our choice of Cameroun for this multi-million dollar investment is quite strategic. Cameroun is the largest economy in Central Africa and is well endowed with abundant natural resources.
“The country also enjoys political stability, adequate security and growing infrastructural development. In addition, President Biya has created an enabling environment that has continued to attract investors both from within and outside the African continent.”
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