Dangote to build $ 292.9 million cement plant in Congo

Nigeria and Africa’s richest business mogul, Aliko Dangote, announced on Tuesday that his conglomerate, Dangote Group, plans to build a cement factory in Yamba, southern Congo, in an investment worth 292.9 million dollars.

Dangote spoke after a meeting with Congolese President Denis Sassou Nguesso, according to a statement from the presidency.

Construction work for the factory, which will produce over 1.5 million tonnes of cement per year and create more than 650 jobs, will span two and a half years.

Dangote’s investment projects across Africa, specifically in South Africa, Ethiopia, Zambia, Senegal, Mozambique and Cameroon, are worth 10 billion dollars.

Dangote is acclaimed as one of Africa’s richest men.