Liberia: Dangote Cement Liberia, a subsidiary of the Nigerian conglomerate Dangote, has officially signed up for a US$35m cement plant in Liberia.
Speaking during the signing ceremony held in Monrovia at the head office of the National Port Authority (NPA) on Bushrod Island, the president of Dangote, Alhija Aliko Dangote, disclosed that his company will employ hundreds of Liberians and other nationals. Operation is expected to commence by the end of April 2012. Signing on behalf of the Liberian Government, the Managing Director of the NPA, Madam Matilda Wokie Parker lauded the initiatives being applied by the company to invest the economy.
The opening of a new cement factory in Liberia will bring the total number of cement plants to two. The existing plant, the Liberia Cement Corporation (Cemenco), currently employs 63 workers.