Africa’s richest man, billionaire Alhaji Aliko Dangote, paid a courtesy call, Thursday, on President Ellen Johnson Sirleaf at her Foreign Ministry Office, where he briefed her on the progress of his investment in Liberia.
According to an Executive Mansion release, the two discussed ongoing arrangements for a cement plant which the billionaire’s company, Dangote Cement Liberia Ltd., intends to commence building in Liberia shortly, as well as plans for a coal-based power plant that would greatly reduce the cost of, and access to, electricity in the country.
Mr. Dangote, a Nigerian, is ranked by Forbes Magazine as the 43rd richest person in the world, and the richest man in Africa.
Concerning the cement processing plant, Mr. Dangote informed the President that seven acres of land have been identified at the Freeport of Monrovia for its construction and a jetty. After a three-year delay, it was time to move ahead with the project, he said. He assured the President that the limestone needed for the cement – which Liberia does not produce – would be brought in, and crushed and ground for the manufacture of cement locally.
As for electricity, Mr. Dangote said that his proposed coal-burning power plant would produce some 20 megawatts of power, but his operations would require only 1.2 megawatts. The excess could be sold to the government at no more than12 cents per kilowatt hour. “Tell us what you need, and we will produce it,” he said of the power-generation capacity of the plant, which he said could be operational in 15 months. Approximately 30 acres of land are needed for such a facility, which includes huge boilers and cooling plants, along with access to a source of sweet water – where the water table is high.
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The President of the Republic of South Africa, His Excellency Mr Jacob Zuma, has arrived in Addis Ababa, Ethiopia, to attend the 22nd Ordinary Session of the African Union Assembly, scheduled to take place on 30 and 31st January 2014.
The theme of the Summit is “2014 – Year of Agriculture and Food Security in Africa, Marking the 10th Anniversary of Comprehensive Africa Agriculture Development Programme”.
The Summit agenda includes issues of food security, the status of peace and security in Africa, Africa’s relations with the International Criminal Court, the implementation of NEPAD projects, the African Common Position on the Post-2015 Development Agenda and the African Peer Review Mechanism (APRM).
Among the highlights of the visit, President Zuma will present South Africa’s APRM report for the period October 2010 – January 2013, in pursuit of the objectives enshrined in the Constitutive Act of the African Union.
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The World Bank’s Board of Executive Directors today approved a total of US$29 million in additional funds for the Urban and Rural Infrastructure Rehabilitation Project (URIRP) in order to continue to support road and bridge improvements in Liberia’s capital city of Monrovia and surrounding rural areas, and improve the government’s institutional capacity to manage the country’s road sector.
The Urban and Rural Infrastructure Rehabilitation Project (URIRP) was approved in 2009 to support the government’s goal of ensuring that Liberians nationwide have reliable, safe, affordable and efficient transport services by upgrading existing roads, rehabilitating or replacing unsafe bridges and completing roads along the Monrovia-Buchanan corridor. To date, the project has benefitted some 744,980 individuals and provides 90 percent of the rural population in the targeted areas with access to an all-season road.
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