Finance

Dangote Cement plans $322 mln factory with 4,500 t/d capacity in Niger

Dangote Cement plans $322 mln factory with 4,500 t/d capacity in Niger
Wednesday, 28 August 2019 16:35

Nigeria’s Dangote Cement announced a $322 million deal in Niger. The project concerns the construction of a clinker production unit, a gas-fired power plant and cement plant which is expected to deliver 4,500 tons per day.

Through this complex, scheduled to be completed by 2021, Dangote wants to close the cement production gap in this emerging country. Indeed, Niger is betting on the development of such facilities to support its economic growth as mentioned in the Economic and Social Development Program presented to the International Monetary Fund. In addition, the government is aiming high for its oil industry and a Niger-Benin pipeline is planned for that purpose.

It should however be noted that Dangote Cement is struggling to achieve its profitability expectations on the continent. During the first half this year, the group suffered a 37.3 billion naira loss for operations in Africa. Losses in H1 2018 was a bit more than 26 billion naira.

Idriss Linge

On the same topic
BICEC ranked first in Cameroon for new credit issuance with a 17.60% market share in Q1 2025. Banks increased total new lending by 28.72%...
Benin plans to launch a national financial complaints platform by the end of the first quarter of 2026. OQSF-Benin will manage the platform with...
WAEMU states raised record 11.9 trillion CFA francs in 2025 Bond issuance surged as governments faced rising financing needs Investors increasingly...
Togo projects tax revenue up 10.8% in 2026 budget Taxes to supply over 82% of total state revenue Government relies on taxation as main budget...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
03

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.