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African expansion in difficulty

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International cement producers are prospering at the expense of local ones in 2016. The big news has been that Nigeria’s Dangote announced that it was holding back its expansion plans in response to problems in Nigeria mainly due to devaluation of the Naira. Since then it has also faced local problems in Ghana, Ethiopia and Tanzania. Its sub-Saharan competitor PPC has also had problems too. By contrast, foreign investors from outside the continent, led by China, have scented opportunity and opened their wallets.

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