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Vol 2 (AAC) No 2

Published 1st December 2008


Crumbling cement

China's biggest deal yet with a commercial African manufacturer is scaled back

Worsening international economic conditions, tighter credit lines and Nigeria’s weak industrial policy have led to a sharp cutback in the US$3.3 billion cement manufacturing deal between China’s Sinoma International Engineering Company and Nigerian tycoon Aliko Dangote’s Dangote Group.

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