Dangote Group to Build Cement Plant in Zambia, Nation Reports

Dangote Industries Ltd. signed an agreement with the Zambian government to build a cement plant in the southern African country, the Nation reported.

The plant, with a capacity of 1.5 million metric tons a year, will cost $400 million and take 27 months to build, the Lagos-based newspaper said, citing Chairman Aliko Dangote.

Dangote has cement factories in more than 10 African countries including Nigeria, Senegal, South Africa and Benin.

To contact the reporter on this story: Paul Okolo in Abuja pokolo@bloomberg.net.

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net.

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