Here's Why Dangote Cement Is a Buy

Ibese Cement Plant, Ogun, Nigeria

When Africa’s richest man, Aliko Dangote, announced a 40% price cut on bags of Dangote Cement last week, Nigerian consumers rejoiced.

The stock market’s reaction, on the other hand, was decidedly less enthusiastic. Shares of the company have plunged nearly 19% since the news broke.

Read more: Here's Why Dangote Cement Is a Buy – investinginafrica.net.

Recommended