Business
Dangote invests $20 million in Liberia
Tuesday, March 20, 2012
Dangote Cement-Liberia, which is expected to kick off operations within six weeks from the signing of the agreement, is a subsidiary of the Dangote Cement PLC of Nigeria, which was established in 1978.
The parent company is worth over US$18 billion in investment capital.
Dangote, is said to be worth an estimated US$10.1 billion as of November 2011. Besides the cement business which he has been expanding across the West African region, he also has interests in sugar, flour, salt, textiles, real estate, as well as oil and gas.
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