Dangote Cement is building a 421.35 million, cement factory in Niger which will be capable of producing 1 million tonnes of cement per year.
President Mahamadou Issoufou formally launched the building work on the factory at Keita, around 600 km (375 miles) northeast of the capital Niamey and the project is expected to take 18 months.
Dangote Cement is owned by Africa’s richest man Dangote with a personal fortune of $25 billion. The company is fully integrated and has projects and operations in Nigeria and 14 other African countries. Dangote Cement’s current total production capacity in Nigeria from its three existing cement plants namely is is 20.25MMTPA.
The company saw its 2013 profits increase by 40 percent to 190.76 billion naira ($1.16 billion), from 135.64 billion naira a year earlier.
Niger, with a fast-growing population of 17 million people, is one of the world’s poorest countries. It has some of the lowest government revenues per capita in Africa despite the start of oil production in 2011.
Niger has just one cement factory currently. Built in 1964, it produces 540,000 tonnes a year and is a joint venture between the government and private partners.