Dangote Cement has revealed that they have registered two companies in Kenya with plans to build two plants of 1.5Mta each, near Nairobi and Mombasa, to serve the local market.

The company, which is majority owned by Africa’s richest man notes that Kenya is an exciting market and that the country is high on its priorities. They now hope the two plants will be operational by 2019/2020. The two companies will separately deal with Limestone mining and the other cement production.

Interestingly, Dangote owns 90.00% of the two companies while 10.00% is owned by some “LOCAL SHAREHOLDERS”.

Dangote Cement Kenya Limited 90.00%. (Cement Production)
Dangote Quarries Kenya Limited (Limestone mining)
Dangote Cement also notes that they entered into an agreement with the Industrial and Commercial Bank of China to fund their expansion into the country at very attractive terms.