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Dangote raises 2015 spending on African plants to Sh100 billion

By Reuters | Aug. 3, 2015

Aliko Dangote, President and CEO of Nigeria's Dangote Group

Dangote Cement revised its 2015 spending plans to $1 billion (Sh100b) from the $700 million (Sh70b) estimated nine months ago after commissioning two new African plants in June, Nigeria's biggest listed company said on Friday.

The company, also Africa's biggest cement concern and majority-owned by billionaire Aliko Dangote, is expanding outside its home market and invested more than $5 billion in such projects in the past few years.

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