Richest African Man Building Fourth Cement Plant in Nigeria

Africa’s richest man, Aliko Dangote, agreed with a Chinese firm to construct a 6 million-ton cement plant to expand output and exports in his home market of Nigeria.

The billionaire and China Sinoma International Engineering will build the plant in southwest Nigeria within 27 months, according to statement by Dangote Industries Ltd. On completion, the company’s fourth factory in the country will increase local output capacity to 41.25 million tons from 35.25 million tons.