Dangote & China's Sinotruck partner to build $100M truck plant in Nigeria

Aliko Dangote, Founder & CEO, Dangote Group

Africa’s richest man Aliko Dangote has partnered with China’s heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export, the executive director of Dangote group said.

The joint venture, which is 65 percent owned by Dangote and 35 percent by Sinotruck will assemble components and knocked down parts imported from Sinotruck to the Nigerian plant.

It aims to meet an expected increased demand for transport in the country as the government focuses on boosting agriculture and farmers need to move goods across the vast country.

Read more: Dangote, China’s Sinotruck set up $100 million truck plant in Nigeria| Reuters