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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.

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