Dangote, Cameroon sign $115m cement deal

The Republic of Cameroon and Dangote Group yesterday signed a $115 million investment agreement for the construction of a composite cement production plant, which will result in the production of 1.5 million metric tonnes of cement in Douala, Cameroon annually.

The $115 million agreement, which the company described as the first tranche of a $700 million long-term investment projection in Cameroon’s various real sector arms, was signed by President of Dangote Group, Alhaji Aliko Dangote and the Prime Minister and head of Government of Cameroun Philémon Yang at a ceremony in the East African country.

Other Cameroon government officials who signed parts of the agreement include Minister of Commerce, Mr Mbarga Atangana, Minister of States for Transport, Bello Bouba Maigari, Governor of Douala, Mr Francis Fai Yengo and Director General of the Cameroon Ports Authority Mr Dayas Monoume Jean Marcel.