Tuesday, October 30, 2012

Dangote invests in South Africa

Aliko Dangote, founder, President and Chief Executive of the Dangote Group

Sephaku Cement- a subsidiary of Dangote Cement and an indigenous player in South Africa’s cement industry, has signed US$222 million of domestic debt funding for its US$390 million cement and clinker plant projects spanning two provinces in the continent’s biggest economy.

A statement from the Dangote Group indicated that the company was advised on the transaction by Sasfin Capital, which is jointly funded by

More details here...

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