The monopoly of Nigerian billionaire Aliko Dangote on the African cement industry is now threatened by the Burkinabe boss of Cim Métal Group, Inoussa Kanazoé. After a successful establishment in Burkina Faso and Ivory Coast, the Burkinabe wants to conquer the territories dominated by Dangote Cement. The presence of this competitor hurts the business of the richest man in Africa.
As part of his goal to become the number one in the cement sector in West Africa, Inoussa Knazoé plans to open a cement plant in Togo by September 2021. Its annual production capacity is estimated at 25 million tons of cement. This project follows the agreement between Dangote Group and Togo.
The Burkinabe company is also planning to set up a new cement plant in Bamako. The realization of this project puts the brakes on Aliko Dangote, who also wanted to set up in Bamako.
Billionaire Aliko Dangote’s ambitions have been thwarted by this new competitor. Inoussa Kanazoé intends to impose himself on the market dominated by the Nigerian and is doing everything possible to become the leader of the sector in Africa.
Photo credits: J.A