Kenya : Kenya says Nigeria's Dangote to build $400 mln cement plant

Clyde C Coger Jr

going above and beyond
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In the Spirit of Sankofa,



Kenya says Nigeria's Dangote to build $400 mln cement plant


NAIROBI (Reuters) - Africa's richest man, Nigerian Aliko Dangote, plans to invest $400 million in a cement plant in Kenya, the east African nation's president's office said.
Dangote owns various businesses under the umbrella company of Dangote Group, among them, Dangote Cement, which said in May it was investing $5 billion to build cement plants on the African continent.


Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters …



"(President Uhuru Kenyatta) particularly cited the ... the decision by Nigerian tycoon Aliko Dangote to invest $400 million in a cement processing plant as an indicator that an "exciting journey has begun"," Kenyatta's office said in a statement late on Friday.


suggested reading:
http://news.yahoo.com/kenya-says-nigerias-dangote-build-400-mln-cement-085136329--sector.html
 

Ken Taylor

Well-Known Member
MEMBER
In the Spirit of Sankofa,



Kenya says Nigeria's Dangote to build $400 mln cement plant


NAIROBI (Reuters) - Africa's richest man, Nigerian Aliko Dangote, plans to invest $400 million in a cement plant in Kenya, the east African nation's president's office said.
Dangote owns various businesses under the umbrella company of Dangote Group, among them, Dangote Cement, which said in May it was investing $5 billion to build cement plants on the African continent.


Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters …



"(President Uhuru Kenyatta) particularly cited the ... the decision by Nigerian tycoon Aliko Dangote to invest $400 million in a cement processing plant as an indicator that an "exciting journey has begun"," Kenyatta's office said in a statement late on Friday.


suggested reading:
http://news.yahoo.com/kenya-says-nigerias-dangote-build-400-mln-cement-085136329--sector.html
Although it wouldn't be an exact science, one could use the American business history as a time machine of sorts to track the most successful business ventures then duplicate that model in the emerging African markets.
 

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Although it wouldn't be an exact science, one could use the American business history as a time machine of sorts to track the most successful business ventures then duplicate that model in the emerging African markets.


And maybe the Dangote Group will do just that, or perhaps has copied some parts of American business history.
 
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