Aliko Dangote NewsDangote Group of Nigeria plans to build what it says will be Africa’s biggest fertilizer plant in the country’s southern Edo state, with production scheduled to start by 2014. Dangote Cement Plc , Nigeria’s biggest company by market value, plans to raise funds in a London share sale before the end of 2012 as it moves to more than double output in two years, Chairman Aliko Dangote said. Dangote Cement Plc’s shareholders approved the transfer of the African assets of Dangote Industries Ltd. to the company at their annual general meeting today in the Nigerian capital, Abuja, the maker of the building material said in an e-mailed statement. Nigeria’s richest man, Aliko Dangote, may invest in English Premier League soccer team Arsenal, his spokesman Joseph Okonma said. Dangote Cement Plc, Nigeria’s biggest company by market value, plans to invest $3.9 billion over the next 28 months to more than double production of the building material, Chairman Aliko Dangote said. Booming demand for its minerals and improved governance mean Africa is beginning to attract mainstream investors, delegates to the World Economic Forum in Africa said this week, highlighting a turnaround in the continent’s fortunes. Dangote Cement Plc plans to spend $3.9 billion boosting its capacity in Africa by 16.5 million tons by 2013, BusinessDay said , citing Chairman Aliko Dangote . Dangote Cement Plc , Africa’s biggest producer of the material by capacity that listed in Nigeria today, will sell as much as $3.5 billion in shares in public offerings over two years, Afrinvest (West Africa) Ltd. said. Alhaji Aliko Dangote, founder and chairman of Dangote Industries Ltd. of Nigeria, intends to open cement and flour factories in Sierra Leone’s port in the capital, Freetown. Dangote Industries Ltd. signed an agreement with the Zambian government to build a cement plant in the southern African country, the Nation reported.
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