. Dangote gets nod to establish $20m cement plant in Liberia

Nigeria’s leading cement producer Dangote Cement, is making good its promise to expand its cement operations across Africa as it has recently made major inroads into Cameroon, Senegal, Zambia and most recently Liberia.

A recent approval by the government of Liberia, gave the company the nod to invest US$20 million in the country’s cement industry, following which the President of the group, Aliko Dangote, signed a 20-year agreement with the Liberian government in Monrovia last Friday. The agreement paves way for his company to build a cement factory at the Freeport of Monrovia.

The deal was sealed with the Freeport of Monrovia, National Port Authority (NPA) head, Matilda Parker, who congratulated the Nigerian investor for demonstrating African solidarity by choosing to invest in Liberia.

“I gratefully expressed my gratitude to you, Dangote, and your company for extending operations to Liberia,” she said.

The NPA boss, who signed for the government of Liberia, pointed out that this investment would help build up the Liberian economy. “It will speed up reconstruction, create more jobs and expand the economy,” Parker noted.

While responding, Dangote expressed his company’s willingness to work with the government and people of Liberia to ensure the production and supply of quality and affordable cement on the local market.

According to him, the new investment, Dangote Cement-Liberia, is committed to job creation for Liberians with an initial employment opportunity for 250 Liberians.

The Dangote Group CEO also pledged his company’s commitment to being law abiding, to include paying their taxes on time. The US$20 million investment is expected to kick off within six weeks