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Nairaland Forum / Nairaland / General / Business / China Signs Cement Deal Worth $4.3bn With Aliko Dangote (944 Views)
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China Signs Cement Deal Worth $4.3bn With Aliko Dangote by MediaBlog(m): 12:33am On Aug 27, 2015 |
A Chinese state-possessed engineering company - "Sinoma" has marked a deal worth $4.3bn to manufacture Cement processing plants in Nigeria in association with Dangote Cement Company. The Chinese organization - Sinoma likewise plans to construct seven plants over the continent and one in Nepal. The new factories are required to add around 25 million tons to Aliko Dangote's cement company which as of now has the limit of 45 million tons. The Africa's Richest man, Mr. Aliko Dangote who disclosed that he is keeping a nearby eye on China's economic issues and the following lower oil cost said in spite of the fact that his organization is influenced by the financial issues in China, the effect is not overpowering. "Obviously we are affected," he said, "however we are not severely affected because that we are not 100% in oil. "We are a completely enhanced company. So today if oil is doing badly it doesn't mean we are doing badly and that is the fortunate thing about getting involved with different types of things)." Africa's economies have been hit hard by the fall in commodity costs yet numerous are seeing a blast in infrastructure, for which cement is very important. Source: http://www.mediapaper.net/2015/08/26/china-signs-cement-deal-with-aliko-dangote/ CC: lalasticlala, ishilove, dragnet, honsule, puskin 1 Like
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Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by EgusiSoup: 12:34am On Aug 27, 2015 |
Massive |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by dmostcheerful(f): 12:40am On Aug 27, 2015 |
huge. that man is really blessed, why some are complaining about the economy he is elevating by the minute. 1 Like |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by Nobody: 12:42am On Aug 27, 2015 |
Ok. Its good cos its gonna create more jobs |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by Bekwarra(m): 12:53am On Aug 27, 2015 |
Whao! |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by experimentist: 1:12am On Aug 27, 2015 |
toh ba da mu wa, an gaise su |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by shegsrules(m): 1:39am On Aug 27, 2015 |
Great but use made in naija bic sign cus those chinese people na only techno n infinix users fit testify(d more u c d less u understand- naija infrastructural deal with dem last year can testify also) 1 Like |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by Cashyguy(m): 1:47am On Aug 27, 2015 |
Great, a welcome development! Aliko baba making money since 18's |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by Cashyguy(m): 1:49am On Aug 27, 2015 |
dmostcheerful: And he said "that is the fortunate thing about getting involved with different types of things)." |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by Cashyguy(m): 1:50am On Aug 27, 2015 |
shegsrules: La China! La Fake! |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by Cashyguy(m): 1:57am On Aug 27, 2015 |
mineANDurs: Yah, its a great move! |
Re: China Signs Cement Deal Worth $4.3bn With Aliko Dangote by Obaf16(f): 8:21pm On Aug 28, 2015 |
Alllllllllllllllright |
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