China invests in Africa’s booming cement market
China has invested in five new cement projects in Africa, with Africa’s cement market projected to grow from $35bn in 2024 to $42bn by 2030.
According to AfricanBusiness on December 12th, the flow of Chinese money into Africa is driven by a stagnant economy at home, and domestic environmental policies which are throttling local cement production.
The demand for cement is fuelled by rapid urbanisation and population growth on the continent, trends that align with broader objectives under the African Union’s Agenda 2063.
AfricanBusiness
