LUSAKA (Reuters) - Nigeria's largest cement maker Dangote Cement will invest $400 million to build a cement plant in Zambia over the next three years, its chief executive said on Friday.
Aliko Dangote said the cement plant, to be constructed from next year to 2013, was among the largest investments that the company was making outside mining.
"We will be producing 1.5 million tonnes of cement per year at the plant in Zambia when the company reaches the full production capacity by 2013," Dangote said.
Dangote plans to set up other plants and import terminals in countries including Cameroon, Ethiopia, Ghana, Ivory Coast and Senegal, aimed at producing a total of 46 million tonnes of cement in five years' time on the continent, 30 million of it in Nigeria.
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