Photo; Africa's Richest Man Aliko Dangote Signs $4.3Billion Deal With Chinese Company

A Chinese state-owned engineering company has signed a deal worth $4.3bn (£2.8bn) to build factories for a Nigerian cement company run by Africa's richest man, Aliko Dangote. China's Sinoma will build seven plants across the continent and one in Nepal.

 The new factories will add around 25 million tonnes to the firm's existing cement capacity of 45 million tonnes. Dangote's company also produces food, fertiliser and is investing in oil refineries. He is keeping a close eye on China's economic problems and the ensuing lower oil price.