CHINA: China signs Big deal with Africa's Richest man, Aliko Dangote

Dangote Cement yesterday signed contracts
with Chinese firm, Sinoma International to build
cement factories in 13 countries – 12 in Africa
and Nepal, an Asian country.
On completion, 25 million tonnes of cement will
be generated annually in what is a revolution the
cement sub sector. This will bring the capacity of
Dangote cement to 70 million tonnes per annum.
The $4.34bilion deal was sealed in the presence
of ambassadors of some of the beneficiary
countries.
President of Dangote Group, Alhaji Aliko Dangote,
signed for his group while the Chief Executive
Officer, Sinoma, Mr. Shen Jun, signed for his
company.
The Chinese firm will execute the construction
projects with equipment sourced from Germany.