Nigeria invests in Senegal cement plant to be put into operation

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   It is reported that Senegal Bute Cement Plant, invested by Dangote Industrial Group of Nigeria, will be put into operation by the end of the year, with an investment of US $700 million and an annual output of cement from 1.5 million tons to 15 million tons.

   The construction of new cement plants has greatly alleviated the current shortage of cement supply, and the price of cement has also dropped (-10% to -15%). Dangote Group is optimistic about the Senegalese market and will increase its investment in sugar planting, paddy fields and hydrocarbon industry, with a total planned investment of about US $2 billion, which will create 80,000 jobs.