Dangote Group has secured approval from Liberian authorities to invest $41 million into the nation’s cement industry.
“The senate joint committee is of the opinion that the Dangote Cement Liberia Limited is able to perform in good faith the terms and conditions of the agreement to establish a cement factory which will stabilise and provide affordable prices, access of cement on the local market and create employment opportunities for Liberians,” the committee said in a statement.
“The investment shall make a total of investment of USD$41 million during the first ten years following the effective date. And shall in his best efforts assist the government in the maintenance of roads leading to its port terminal; while within the first five years following the start of commercial operations, the investment shall conduct an assessment for the establishment of cutlets in order counties across Liberia.”
The post Dangote to inject $41m into Liberia’s cement industry appeared first on News360 Info.