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NEWS and REPORTS => Nigerian News => Topic started by: The InfoStrides on Sep 11, 2013, 08:37 PM

Title: Dangote to invest $400m in Kenyan Cement sector
Post by: The InfoStrides on Sep 11, 2013, 08:37 PM
Following the roundtable discussions between the private sectors of the two countries, the Chairman, Dangote Group, Alhaji Aliko Dangote, who led the Nigerian businessmen and also briefed participants, announced an investment of $400m by the Dangote Group in the cement sector in Kenya.

He said the two countries would collaborate in the area of tourism, agriculture and agro-processing, oil and gas, entertainment and manufacturing, among others.

On the one hand, Nigeria will help Kenya develop its capacity in the production of cassava bread, double its capacity at home and support the Kenya Film Commission on local content while its banks, beginning with Zenith Bank Plc, will invest in Kenya. On the other hand, Kenya will help train Nigerians in wild life preservation, assist in developing ICT innovations and invest in Nigeria's Cotton, Textile and Garment Industry, among others.

The two Presidents, however, agreed that the fruitful interaction at the Nigeria-Kenya Business Forum was the beginning of good things for both countries.

"This is the beginning of great things that Africa holds for all of us.  We have the capacity, the ability and knowhow to transform our continent. All we need is the will.  And I can assure you that the political will is there now for us to prosper", Kenyatta declared and President Jonathan further added that "We don't just have the political will to do what is right for the two countries but the total commitment to ensure that our people succeed."

Federal Republic Of Nigeria | nigeria.gov.ng
Title: Re: Dangote to invest $400m in Kenyan Cement sector
Post by: Folami David on Sep 12, 2013, 03:23 AM
He is a true African man born in Nigeria.
Kenya will never forget this.
Good one....