Global companies tap into Africa’s emerging growth

08 May 2014

The World Economic Forum, taking place between May 7 and 9, 2014 in Abuja, is arguably one of the most important economic events in its political history since independence. Multinationals investing copiously in Nigeria include Nestle, Larfage, Procter & Gamble (P&G), MTN, Bharti Airtel, Old Mutual, General Electric (GE) and SABMiller.

French cement producer Lafarge Cement Wapco Plc, has revealed plans to double its operational facility in Nigeria by investing an additional €1 billion in the next three to four years.

The infrastructural deficit and rapid urbanisation have been driving the demand for cement in Nigeria which explains the double-digit growth in revenue of its Nigeria subsidiary.
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