Dangote Group, wins contract $1.487bn

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Dangote Group, wins contract $1.487bn

Lagos — A Chinese firm has signed a deal worth 1.487 billion U.S. dollars with Nigeria-based cement giant Dangote Group to build cement plants in several African countries.

The plants will be built by China’s Sinoma International Engineering Co., Ltd in countries including Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Cote D’Ivore Ghana and Nepal.

Dangote said the move is “another progressive step” toward the company’s plan to increase the total output of cement to 100 million tonnes by 2020.

“We have been partnering with Sinoma for a very long time and I can tell you that they are very reliable to handle this projects,” he said, noting that the Chinese firm had built several plants in Nigeria and other countries for his company.

Dangote said the new plants would promote the growth of the host nations’ economy through job creation, adding he was “committed to improving Africa’s economy in a responsible and sustainable way.”

“This plant would revolutionize the cement industry in each country, because a country like Niger depends solely on importation and they have all the needed materials to produced cement,” he said.

The projects would include installation of equipment as well as mining, quarry and power facilities, according to Dangote.

Source and Link: All Africa

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.