Dangote Cement Plc has signed an agreement with China’s Sinoma International Engineering for the construction of new plants across Africa, in a deal valued at over $1 billion.
The agreement, signed in Lagos, covers 12 projects and forms part of the company’s plan to increase production capacity to 80 million tonnes per annum by 2030. Arise News disclosed.
The target aligns with Dangote Group’s goal of generating $100 billion in revenue within the same period.
