Last Updated 13 years ago by Kenya Engineer
There’s all reason for cement industry players to worry and up their game following an announcement by Africa’s richest man, Aliko Dangote to set up a cement factory in Kenya.
The 56 year old award winning businessman said that he would construct a Sh35 billion cement plant in the country which is already home of well performing cement industries.
Dangote is the Chief Executive Officer of the Dangote Group which is currently Nigeria’s largest industrial conglomerate. The Group has several subsidiaries in Africa involved in cement, real estate, telecommunications, steel, oil & gas and beverages.
Dangote cement is Africa’s largest cement manufacturer located in Nigeria and thus Kenyan cement manufacturers have no choice but to up their game supposing the new player deploys the techniques he’s used to maintain a top niche in the African market.
One will argue that the manufacturers in Kenya came first and thus enjoy the privileges of coming first. Either way, Kenyans should brace themselves for intensified competition as far as cement as concerned.
Dangote is reportedly constructing cement plants in Ethiopia, Zambia, South Africa, Senegal, Cameroon and the DRC.
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