Africa’s largest cement manufacturer is ramping up its exports of the building material, which is a key ingredient in its forex neutralisation strategy across the continent. Dangote Cement is targeting a monthly forex surplus of $22m, a top executive of the company told The Africa Report.
Dangote Cement eyes $22m forex surplus with aggressive export drive
Boosting clinker and cement exports by 200% in five years, Africa’s cement giant is chasing a monthly $22m forex buffer, says Dangote Cement CFO Gbenga Fapohunda.
Cover photo: Group Chief Finance Officer Gbenga Fapohunda. © Gbenga Fapohunda/LinkedIn
