Africa's richest man plans to almost double the continent's cement production by 2020 (Infographic)


Africa’s cement wars are heating up. Dangote Cement, owned by Africa’s richest man, Nigerian billionaire Aliko Dangote, has revealed its agreement with a Chinese construction company to build cement plants in 11 countries.

Producers of the world’s most used man-made material have been increasingly looking to sub-Saharan Africa as the world’s “last cement frontier.” (Others have taken to calling the material “the new oil.“) The region’s fast-growing populations and economies, as well as its dramatic pace of urbanization have encouraged a building boom in transport, energy, and shipping infrastructure. Dangote competes with LafargeHolcim, the largest cement producer on the continent, Germany’s Heidelberg Cement, South Africa’s PPC as well a cheaper imports from Pakistan and China.

Read more: Africa’s richest man plans to almost double the continent’s cement production by 2020 – Quartz

Recommended