Nigerian tycoon Dangote to put up Sh35bn cement firm in Kenya

Aliko Dangote. FILE | NATION MEDIA GROUP

What you need to know:

  • But though Mining Cabinet Secretary Najib Balala did not confirm whether he was meeting with Mr Dangote on the matter, he implied that the government may reverse the decision to cancel the licence.
  • The factory will rely on coal as a source of energy. The renowned businessman has also had talks with Energy minister Davis Chirchir on investments in the nascent oil and gas sector, as well energy generation.  

Nigerian businessman and Africa’s richest man, Mr Aliko Dangote, Thursday announced plans to put up a Sh35 billion ($400 million) cement factory in Kenya as the two countries pursue stronger trade relations.

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