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CAMEROON : Dangote and Cameroun inked $115m deal
Publish Date : 26-Sep-2011
Dangote Group, West Africa based leading industrial company, signed $115 million (N 17.9 billion) investment deal.
According to Dangote Group, this investment deal is for the construction of a composite cement production plant in Cameroon and is likely to manufacture 1.5 million metric tonnes of cement in Douala. This deal comes under a $700 million long term investment program in Cameroon\'s real sector divisions.
Alhaji Aliko Dangote, President of Dangote Group; Philemon Yang; Prime Minister and Head of Government of Cameroon; inked this deal.
According to Yang, this deal will transform the industrial landscape of East African nation. He also admired Dangote for its track records, saying the group as a motivation to investors in Africa.
