The removal of tariffs and non-tariff barriers under the African Continental Free Trade Area (AfCFTA) will help Dangote Cement Plc’s expansion plans in sub-Saharan Africa and increase its consumption to 275Mt across 16 countries by 2030, according to a projection released by the Nigeria Office for Trade Negotiations.
The Dangote Group has also forecast a 27.1 per cent market share in sub-Saharan Africa in 2018, with this expected to reach 59.4 per cent by 2030.
According to the report, sub-Saharan Africa is expected to record a cement consumption of 119.7Mt in 2018. A total of 16,045 jobs in Nigeria are projected to be created by the sector by 2018, rising to 35,085 by 2024.
Adani Group unveils major investments in Bihar, including INR200bn thermal power plant
The Adani Group has announced plans to invest INR 200bn (US$2.4bn) in an ultra-supercritical t...