AFRICANGLOBE – Catching older European rivals like lafarge and Heidelberg Cement on the hop – both are now desperately scrambling to invest in african production – Dangote Cement has the continent in its sights.
The company’s $4bn expansion plan includes the opening of plants in Senegal, South Africa, Zambia, Tanzania, Ethiopia, the Republic of Congo and Kenya.
In addition, the company is creating import or grinding facilities in Cameroon, Ghana, Côte d’Ivoire, Sierra Leone and Liberia.
In Francophone countries Moroccan companies increasingly pose competition to Nigeria’s cement powerhouse.
South Africa’s PPC is now starting to invest across the continent, too.
In Kenya, Dangote’s arrival has sparked price wars.
In Ethiopia, Dangote has announced a doubling of the capacity of its newly opened Mugher plant to 5m tonnes, with the second line opening in 2017.
Further afield, projects are mooted in Myanmar and Iraq, but these are unlikely to kick in before the continental market is secured, perhaps a decade down the line.
Back home, his interests are slowly starting to push into the energy sector, after famously making his billions from non-oil businesses, a rarity in Nigeria.